Reportedly has broken off talks to sell chip foundry unit to GlobalFoundries; could not agree on terms - financial press
**NOTES: 07/16: There is speculation that IBM transaction with GlobalFoundries may not proceed - Albany Business Review
- In early June, it was reported that IBM was near a deal with GlobalFoundries for chip-making unit in a deal which could be worth around $1.0B (about half of IBM's expectations for $2B).