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GlobalFoundries, IBM Announce Settlement and Resolution of All Litigation Matters
January 3, 2025 | GlobalFoundriesEstimated reading time: Less than a minute
GlobalFoundries (GF) and IBM announced that the two companies have reached a settlement in their ongoing lawsuits, resolving all litigation matters, inclusive of breach of contract, trade secrets and intellectual property claims between the two companies. This settlement marks the end of an ongoing legal dispute and allows the companies to explore new opportunities for collaboration in areas of mutual interest.
The details of the settlement are confidential and both parties have expressed satisfaction with the outcome.
“We are pleased to have reached a positive resolution with IBM, and we look forward to new opportunities to build upon our long-standing partnership to further strengthen the semiconductor industry,” said Dr. Thomas Caulfield, president and CEO of GF.
“Resolving these disputes is a significant step forward for our companies and will allow us to both focus on future innovations that will benefit our organizations and customers,” said Arvind Krishna, Chairman and CEO of IBM.
Suggested Items
Can the Electronics Industry Balance Tariffs With Investment?
04/18/2025 | I-Connect007 Editorial TeamTo better understand the U.S. administration’s recent actions on global trade policies, Barry Matties and Nolan Johnson met with Richard Cappetto, IPC’s senior director of North American government relations, who highlighted both the challenges and opportunities available to U.S. companies in the recent trade activity. This could include increased domestic manufacturing and supply chain diversification.
onsemi Withdraws Proposal to Acquire Allegro MicroSystems
04/15/2025 | BUSINESS WIREonsemi announced that it has terminated its efforts to acquire Allegro MicroSystems, Inc. and withdrawn its all-cash proposal to acquire Allegro for $35.10 per share.
Global Citizenship: Redefining Connection and Responsibility in Digital Transformation
04/17/2025 | Tom Yang -- Column: Global CitizenshipThe fusion of technology and global citizenship has fostered unprecedented collaboration and exchange. Digital tools offer new ways to connect but also challenges that require a mindful and ethical approach. While these technologies bridge gaps, enhance inclusivity, and encourage cross-cultural understanding, we must also consider the accompanying ethical responsibilities.
UK, Cyprus Strengthen Space Ties
04/14/2025 | ESAThe first Cyprus-UK Bilateral Cooperation Event brought together representatives from the space sectors and governments of both countries, with the support of the European Space Agency (ESA).
Raymond E. Pritchard IPC Hall of Fame Award: Peter Bigelow
04/04/2025 | Nolan Johnson, I-Connect007IPC’s most prestigious award honors an individual’s long-term distinguished service and contributions to IPC and the electronics manufacturing industry. Peter Bigelow is president of FTG Circuits in Haverhill, Mass., focusing on the military, RF/microwave, and aerospace markets. He also has extensive experience in general management, marketing, operations, and sales with large publicly traded and privately held manufacturing companies in the printed circuit, electronics, and instrumentation industries.