Tag Archives: Globalfoundries

GlobalFoundries will continue to provide the Department of Defense access to microelectronic processes under a $121M contract modification from the Defense Microelectronics Activity. The modification represents the third option under a previously awarded contract and brings the potential cumulative value to $501.4M, the Pentagon said Friday. Work under the exercised …

GlobalFoundries U.S. 2 LLC has secured a one-year, $99.8 million contract modification from the Defense Microelectronics Activity to provide the Defense Department and federal civilian agencies access to microelectronics and other trusted processes. DoD said Friday the company will perform contract work in Burlington, Vermont and East Fishkill, New York through March 31, 2018. …

IBM (NYSE: IBM) has agreed to sell its global commercial semiconductor technology business to Santa Clara, California-based computer chip manufacturer Globalfoundries for $1.5 billion, which would be paid to IBM over the next three years. The companies said Monday that the deal also includes an agreement for Globalfoundries to serve as IBM’s …