IBM and GlobalFoundries have agreed to settle the lawsuit regarding breach of contract and trade secrets.

AASTOCKS · Jan 3 03:18

Chip manufacturer GlobalFoundries (GFS.US) and IBM (IBM.US) announced on Thursday that they agreed to settle a lawsuit, in which GlobalFoundries was accused of breaching its contract with IBM, while IBM was accused of misusing GlobalFoundries' trade secrets.

The two companies stated in a joint statement that the terms of the settlement are confidential and allow them to "explore new collaboration opportunities."

GlobalFoundries acquired IBM's Semiconductors factory in 2015.

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IBM與GlobalFoundries就違反合約和商業機密訴訟同意和解

IBM and GlobalFoundries have agreed to settle the lawsuit regarding breach of contract and trade secrets.

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