💨 Abstract
GlobalFoundries and IBM have settled lawsuits concerning breach of contract and trade secret misuse. The settlement terms are confidential, allowing for potential collaboration between the companies. IBM initially sued GlobalFoundries in 2021 for breaking a $1.5 billion contract to make high-performance chips, while GlobalFoundries filed a separate lawsuit in 2023 alleging trade secret misuse with Intel and Rapidus.
Courtesy: theprint.in
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