IBM Offered To Pay GloFo To Take Its Fabs.

IBM offered GloFo $1 billion to take its fabs off its hands, reports Bloomberg, but GloFo said it wanted $2 billion.

IBMis selling a 200 mm fab in Burlington and a 300mm fab in East Fishkill.

It is estimated that the chip operation loses $1.5 billion a year on sales of under $2 billion.

Sales are reported to have slid 17% in Q1.

GloFo is interested in buying IBM's IP and in hiring its engineers but isn't interested in its fabs which are old.

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