IBM's pending sale of its chip manufacturing business, including its East Fishkill plant, to GlobalFoundries, is not expected to affect employment at the site.Both IBM and GlobalFoundries said current employees would be offered positions in the wake of the deal. Big Blue has agreed to pay GlobalFoundries $1.5 billion to absorb and relieve it of a business viewed as dragging down IBM’s overall profitability.The transaction was characterized by IBM CEO Ginni Rometty and [...]
Ibm To Sell Chip-fab Business To Globalfoundries
By James Walsh Times Herald-Record, Times Herald-Record
Mon, 10/20/2014 - 1:55pm
Sections: u.s.
Topics: New York Orange County, NY Middletown
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