Competition Commission clears IBM-Globalfoundries deal
Technology major IBM's proposed deal with US-based Globalfoundries has been cleared by fair trade watchdog CCI, which said the transaction would not have any adverse impact on competition in India.
Jan 02, 2015, 15:55 PM IST
IBM profit plunges on disposal of chip unit, poor sales
Shares of IBM plummeted Monday after earnings collapsed on a USD 4.7 billion charge and weak sales raised questions about the technology giant's efforts to remake itself.
Oct 20, 2014, 23:43 PM IST
IBM to pay Globalfoundries to take chip unit
IBM will pay Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off its hands, the companies said in a statement on Monday.
Oct 20, 2014, 17:04 PM IST
