IBM will sell the semiconductor technologies unit that makes its Power processors to Abu Dhabi-owned GlobalFoundries, paying the chip manufacturer about US$1.3 billion to take two factories off its hands in a move to erase losses.
Intel may look to outrun foundry competitors with new CEO Krzanich
Intel hasn’t signaled a change in strategy with the appointment of Brian Krzanich to CEO, but it is likely that …
Intel appoints Krzanich as new CEO
After a vetting process that lasted a little more than six months, Intel has named Brian Krzanich as its next …
AMD gains market share over Intel
Worldwide processor shipments went up during the third quarter this year and Advanced Micro Devices (AMD) gained market share from …
AMD records profit in Q3 despite manufacturing issues
Advanced Micro Devices (AMD) on Thursday reported revenue and profit growth for the third fiscal quarter of 2011, despite issues …
AMD reduces third-quarter revenue projection
Advanced Micro Devices (AMD) yesterday reduced its revenue projection for its third fiscal quarter ending Oct. 1, citing manufacturing yield …
IBM to lead $4.4 billion chip investment
Five chip makers, including Intel, IBM, Samsung Electronics, GlobalFoundries and Taiwan Semiconductor Manufacturing Co. have committed investment of US$4.4 billion …
GlobalFoundries to construct Abu Dhabi plant next year
Chip manufacturing firm GlobalFoundries will begin construction of a new manufacturing plant in Abu Dhabi next year, the majority stakeholder …