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Comment by lizknope | Hacker News Reader

> assets from IBM, which GloFo "acquired" in 2014 (for -1.5 billion at the time)

You used the term "acquired" along with a minus sign in front of 1.5 billion but just in case other people don't get the joke, IBM gave their fabs to Global Foundries and PAID them $1.5 billion to take them.

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For what it's worth, IBM is suing to try to get its $1.5 billion back, claiming that GlobalFoundries didn't uphold terms of the deal: https://www.burlingtonfreepress.com/story/news/2021/06/11/ib...

Intel could fix that. Could be an added incentive for the deal.

That is incredible. Why did GloFo think they could just take the 1.5B and not deliver? I guess if they don't have to pay too much damages it's a huge free loan...

This is America and they’re a corporation. It’s the price of doing business.

Because example has shown time and again that you can take the $1500 million, spend $100 million on legal fees, settle for $400 million and keep a nice $billion

Their interpretation is probably that they, as promised, spent the 1.5B trying to deliver and it didn't work out, too bad.

Intel PowerPC. Who would have thought it would happen?

:-)

Yep. I'm glad others are aware of this. There were certain manufacturing processes that needed to be sustained for "national security" reasons. GF was an imperfect solution but it was better than the alternatives at the time.

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