Globalfoundries eyeing IBM’s chip-making business
12/06/2014 2:04 am EDT

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Mubadala Technology is nearing a deal to acquire IBM Corp’s chip-making business, Bloomberg has reported, citing people familiar with the matter. Globalfoundries Inc., a unit of Abu Dhabi’s Mubadala Technology, is primarily interested in acquiring IBM’s engineers and intellectual property rather than manufacturing facilities, which have little value as they are more than a decade old, said the people. The firm, which has its own plant in New York State and a technology joint development project with IBM, will act as a supplier for IBM’s microprocessors, the people said.

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