International Business Machines

International Business Machines Corp. (IBM) Commits $3B in Chip R&D

International Business Machines Corp. (NYSE:IBM) committed an investment of $3 billion for the research and development (R&D) of semiconductor over the next five years as part of its initiative to develop game-changing innovation that...

IBM Reportedly Near Deal to Sell Chip Manufacturing Unit to Globalfoundries

International Business Machines Corp. (NYSE:IBM) is close to entering an agreement with Globalfoundries Inc regarding the sale of its chip manufacturing business, according to Bloomberg based on information from people familiar with the situation. The...

IBM CEO Says Company Failed to Meet Expectations in 2013

Ginni Rometty, chairman and chief executive officer of International Business Machines Corp. (NYSE:IBM) acknowledged that the company failed to meet expectations last year, and it must address the challenges faced by its hardware business. 2013...

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