IBM, GlobalFoundries settle lawsuits over contract, trade secrets

By Yahoo! Finance   |   2 months ago
IBM, GlobalFoundries settle lawsuits over contract, trade secrets

GlobalFoundries and IBM have settled lawsuits where GlobalFoundries was accused of contract breach and IBM of misusing trade secrets. The terms are confidential, allowing for potential collaboration. The US Commerce Department awarded GlobalFoundries a $1.5 billion subsidy for semiconductor production expansion.

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