IBM and Global Foundries settle long-running lawsuit

• IBM and Global Foundries agree to settle previous lawsuits
• Details of the settlement remain undisclosed
• Deal stems from two lawsuits in 2021 and 2023

IBM and Global Foundries have confirmed reaching a settlement, years in the making, to effectively resolve all litigation matters, including breach of contract, trade secrets and intellectual property claims.

Confirmation of the settlement came from the two companies (Global Foundries, IBM), marking the end of their ongoing two-sided legal dispute.

The two firms stated they were satisfied with the outcome, however exact details of the settlement remain under wraps.

IBM-Global Foundries legal dispute settled

After selling its chip manufacturing business to Global Foundries in 2015, IBM filed a lawsuit against the company for allegedly breaching a contract stipulating that GF would supply IBM with advanced processors for a decade following the transaction.

Two years later, Global Foundries responded with its own lawsuit filing, accusing IBM of ...