Reportedly to resume talks to sell chip foundry unit to Globalfoundries - financial press
Negotiations had broken down in July after IBM offered to pay Globalfoundries about $1 billion to take the unit, a person familiar said at the time. IBM is now willing to pay Globalfoundries more to take over the operations, the person said yesterday, asking not to be identified because the discussions are private.
**Reminder: In late July, IBM broke off talks to sell chip foundry unit to GlobalFoundries as the two firms could not agree on terms. 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)