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.