IBM and GlobalFoundries settle multibillion-dollar trade secret and contract lawsuits

IBM and semiconductor maker GlobalFoundries have settled all of their litigation against each other, including breach of contract, patent, and trade secret suits, the pair say.

The details of the settlement are confidential. All that both companies were prepared to say in yesterday's statements was that the deal they'd agreed would resolve "all litigation matters, inclusive of breach of contract, trade secrets, and intellectual property claims between the two companies." They added that the settlement would allow the companies to "explore new opportunities for collaboration in areas of mutual interest."

The disputes and litigation between IBM and GlobalFoundries, formerly AMD's chipmaking unit which it spun out in 2009, were complex and spanned both state and federal courts.

The first main shot was fired by IBM in 2021, in a New York state court, over chip production (or non-production). The pair had signed a $1.5 billion deal ...