GlobalFoundries and IBM have resolved all their legal disputes, including the ongoing lawsuits over contract violations, trade secrets, and intellectual property issues. The two companies signed a confidential settlement agreement, opening the door for future collaboration.
IBM and GlobalFoundries filed multiple lawsuits against each other. The lawsuits span from breach of contract obligations by GlobalFoundries to intellectual property usage by IBM. The conflict traces back to 2015 when IBM sold its semiconductor manufacturing business to GlobalFoundries. As part of the deal, IBM agreed to pay $1.5 billion to GlobalFoundries to take over its microelectronics operations and would continue developing advanced process technologies for IBM's processors for mainframes and other applications.
