Struggling IBM pays $1.5 billion to dump its chipmaking business


Struggling IBM pays $1.5 billion to dump its chipmaking business
IBM announced today that GlobalFoundries will acquire its chip manufacturing business in a deal expected to close in 2015. IBM will pay GlobalFoundries $1.5 billion over the next three years to complete the transfer but will presumably save more than that over the long haul by offloading a costly chipmaking operation.

October 20, 2014 at 02:03PM
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Apple releases iOS 8.1 with Apple Pay, iCloud Photo Library, SMS Relay & Instant Hotspot, more


Apple releases iOS 8.1 with Apple Pay, iCloud Photo Library, SMS Relay & Instant Hotspot, more
Just as Apple announced at its iPad and Mac event last Thursday, iOS 8.1 is now publicly available with new features including Apple Pay, iCloud Photo Library and additional Continuity features.

October 20, 2014 at 12:07PM
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