IBM to pay $1.5B to offload chip arm: WSJ
October 20, 2014 at 01:32 AM EDT
IBM is to hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries, The Wall Street Journal reports. Read More Commentary: Advice to IBM management: Don't be jerks. IBM is expected to make a formal announcement Monday after it issued an advisory over the weekend saying it would make a "major business announcement"..