GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters
GlobalFoundries (GFS) and IBM have announced a settlement resolving all ongoing litigation matters between the companies, including breach of contract, trade secrets, and intellectual property claims. The confidential settlement, announced on January 2, 2025, marks the end of their legal disputes and opens possibilities for future collaboration in areas of mutual interest.
Both companies' CEOs expressed satisfaction with the outcome, with GF's CEO Dr. Thomas Caulfield highlighting the opportunity to build upon their long-standing partnership to strengthen the semiconductor industry. IBM's CEO Arvind Krishna noted that resolving these disputes will allow both organizations to focus on future innovations beneficial to their companies and customers.
GlobalFoundries (GFS) e IBM hanno annunciato un accordo che risolve tutte le controversie legali in corso tra le due aziende, comprese le violazioni contrattuali, i segreti commerciali e le rivendicazioni di proprietà intellettuale. L'accordo riservato, annunciato il 2 gennaio 2025, segna la fine delle loro controversie legali e apre possibilità per future collaborazioni in settori di interesse reciproco.
I CEO di entrambe le aziende hanno espresso soddisfazione per l'esito, con il CEO di GF, Dr. Thomas Caulfield, che ha sottolineato l'opportunità di costruire sulla loro duratura partnership per rafforzare l'industria dei semiconduttori. Il CEO di IBM, Arvind Krishna, ha osservato che la risoluzione di queste controversie permetterà a entrambe le organizzazioni di concentrarsi su future innovazioni vantaggiose per le loro aziende e i loro clienti.
GlobalFoundries (GFS) e IBM han anunciado un acuerdo que resuelve todas las disputas legales en curso entre las empresas, incluidas las violaciones de contratos, secretos comerciales y reclamaciones de propiedad intelectual. El acuerdo confidencial, anunciado el 2 de enero de 2025, marca el fin de sus litigios y abre posibilidades para futuras colaboraciones en áreas de interés mutuo.
Los CEO de ambas compañías expresaron su satisfacción con el resultado, destacando el CEO de GF, Dr. Thomas Caulfield, la oportunidad de construir sobre su larga asociación para fortalecer la industria de los semiconductores. El CEO de IBM, Arvind Krishna, señaló que resolver estas disputas permitirá a ambas organizaciones centrarse en futuras innovaciones que beneficiarán a sus empresas y clientes.
글로벌파운드리(GFS)와 IBM은 계약 위반, 상업 비밀 및 지적 재산 청구를 포함하여 두 회사 간의 모든 지속적인 소송 문제를 해결하는 합의를 발표했습니다. 기밀 합의는 2025년 1월 2일에 발표되었으며, 이는 법적 분쟁의 종료를 알리고 상호 관심 분야에서의 미래 협력 가능성을 열어줍니다.
양사 CEO는 합의 결과에 대해 만족감을 표명했으며, GF CEO인 토마스 콜필드 박사는 반도체 산업을 강화하기 위해 그들의 오랜 파트너십을 기반으로 할 기회를 강조했습니다. IBM CEO인 아르빈드 크리슈나는 이러한 분쟁을 해결함으로써 두 조직 모두 회사 및 고객에게 유익한 미래 혁신에 집중할 수 있게 될 것이라고 언급했습니다.
GlobalFoundries (GFS) et IBM ont annoncé un accord mettant fin à tous les litiges en cours entre les entreprises, y compris les violations de contrat, les secrets commerciaux et les revendications de propriété intellectuelle. L'accord confidentiel, annoncé le 2 janvier 2025, marque la fin de leurs différends juridiques et ouvre des possibilités de collaboration future dans des domaines d'intérêt mutuel.
Les PDG des deux entreprises ont exprimé leur satisfaction concernant le résultat, avec le PDG de GF, Dr. Thomas Caulfield soulignant l'opportunité de s'appuyer sur leur partenariat de longue date pour renforcer l'industrie des semi-conducteurs. Le PDG d'IBM, Arvind Krishna a noté que la résolution de ces litiges permettra aux deux organisations de se concentrer sur des innovations futures bénéfiques pour leurs entreprises et leurs clients.
GlobalFoundries (GFS) und IBM haben eine Vereinbarung angekündigt, die alle laufenden Rechtsstreitigkeiten zwischen den Unternehmen, einschließlich Vertragsverletzungen, Geschäftsgeheimnissen und Ansprüchen auf geistiges Eigentum, betrifft. Die vertrauliche Einigung, die am 2. Januar 2025 bekannt gegeben wurde, markiert das Ende ihrer Rechtsstreitigkeiten und eröffnet Möglichkeiten für eine zukünftige Zusammenarbeit in Bereichen von gemeinsamem Interesse.
Beide Unternehmens-CEOs äußerten ihre Zufriedenheit über das Ergebnis; GF-CEO Dr. Thomas Caulfield hob die Gelegenheit hervor, auf ihrer langjährigen Partnerschaft aufzubauen, um die Halbleiterindustrie zu stärken. IBMs CEO Arvind Krishna stellte fest, dass die Beilegung dieser Streitigkeiten es beiden Organisationen ermöglichen wird, sich auf zukünftige Innovationen zu konzentrieren, die ihren Unternehmen und Kunden zugutekommen.
- Resolution of all legal disputes with IBM, reducing legal risks and associated costs
- Potential for new business collaboration opportunities with IBM
- Elimination of uncertainty regarding litigation outcomes
- Settlement terms are confidential, creating lack of transparency for investors regarding potential financial impact
Insights
The resolution of litigation between GlobalFoundries and IBM represents a strategic shift from adversarial positioning to potential collaboration. The confidential settlement eliminates significant legal risks and associated costs for both parties. Historical precedents in semiconductor industry settlements often include cross-licensing agreements and technology sharing provisions, though the confidential nature here prevents confirmation of specific terms.
The joint statement from both CEOs signals a carefully negotiated agreement that likely preserves key intellectual property rights while creating frameworks for future partnership. This type of resolution typically involves both monetary considerations and forward-looking business arrangements. The timing, coming at the start of 2025, suggests this was likely a priority to clear the deck for new strategic initiatives this year.
This settlement could catalyze significant industry realignment in the semiconductor space. GlobalFoundries, as a pure-play foundry, gains potential access to IBM's advanced research capabilities and extensive patent portfolio. For context, IBM consistently ranks among top U.S. patent recipients, with particular strength in emerging computing architectures and advanced packaging technologies.
The prospect of renewed collaboration between these companies has broader implications for the semiconductor ecosystem. IBM's expertise in quantum computing and artificial intelligence, combined with GF's manufacturing capabilities, could accelerate development of specialized chips for these emerging technologies. This partnership potential comes at a important time when the industry faces increasing demand for specialized semiconductor solutions.
Settlement paves the way for potential future collaboration
MALTA, N.Y. and ARMONK, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) and IBM (NYSE: IBM) today announced that the two companies have reached a settlement in their ongoing lawsuits, resolving all litigation matters, inclusive of breach of contract, trade secrets and intellectual property claims between the two companies. This settlement marks the end of an ongoing legal dispute and allows the companies to explore new opportunities for collaboration in areas of mutual interest.
The details of the settlement are confidential and both parties have expressed satisfaction with the outcome.
"We are pleased to have reached a positive resolution with IBM, and we look forward to new opportunities to build upon our long-standing partnership to further strengthen the semiconductor industry," said Dr. Thomas Caulfield, president and CEO of GF.
“Resolving these disputes is a significant step forward for our companies and will allow us to both focus on future innovations that will benefit our organizations and customers,” said Arvind Krishna, Chairman and CEO of IBM.
About GF
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com.
©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.
Forward-looking Information
This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Media Contact:
Erica McGill
GlobalFoundries
erica.mcgill@gf.com
Adam Pratt
IBM
arpratt@us.ibm.com
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