Globalfoundries edges out Intel for IBM chip-making business: WSJ
(Reuters) - Contract chipmaker Globalfoundries has emerged as the leading candidate to buy IBM's semiconductor operations, edging out Intel Corp, the Wall Street Journal cited unidentified sources as saying on Thursday.
IBM had held discussions with those two companies as well as Taiwan Semiconductor Manufacturing Co, but California-based Globalfoundries showed keener interest and TSMC ultimately dropped out for unspecified reasons, the Journal cited people familiar with the matter as saying.
IBM had asked for $2 billion but potential bidders offered more than $1 billion, the newspaper added. Globalfoundries, IBM, TSMC and Intel were not immediately available for comment.
(Reporting by San Francisco newsroom)
- Nurse defies Ebola quarantine with bike ride; negotiations fail |
- Suspect in Pennsylvania police ambush captured after seven-week manhunt |
- Global shares jump, yen slumps as BOJ cranks up stimulus |
- Japan's central bank shocks markets with more easing as inflation slows
- Special Report: Tsunami evacuees caught in $30 billion Japan money trap