IBM and GlobalFoundries Settle Multibillion-Dollar Trade Secret and Contract Lawsuits (theregister.com) 3
The Register's Jude Karabus reports: IBM and semiconductor maker GlobalFoundries have settled all of their litigation against each other, including breach of contract, patent, and trade secret suits, the pair say. The details of the settlement are confidential. All that both companies were prepared to say in yesterday's statements was that the deal they'd agreed would resolve "all litigation matters, inclusive of breach of contract, trade secrets, and intellectual property claims between the two companies." They added that the settlement would allow the companies to "explore new opportunities for collaboration in areas of mutual interest." In 2021, IBM sued GlobalFoundries for $2.5 billion, accusing it of failing to deliver on 10nm and 7nm chip production commitments, which disrupted IBM's hardware roadmap. GlobalFoundries poaching engineers countersued in 2023, alleging IBM misused trade secrets and poached engineers to support partnerships with Intel and Rapidus, potentially compromising proprietary technologies.
Broken hyperlink (Score:2)
Actually the link works, but you committed an error by misplacing the words "poaching engineers" in the summary.
Otherwise good for GF, I guess? They totally shat the bed on everything past 14/12nm so good for them that they weaseled their way out of prior commitments.
Who cares? (Score:2)
Apparently no one on Slashdot. The story is about to expire with this as the third comment... And no jokes, of course.
I still remember when IBM was the big player in computers. But I'm a bit surprised that Global Foundries has apparently joined the irrelevant club. Intel the next candidate?