GlobalFoundries and IBM announced on January 2, 2025, that they have reached a comprehensive settlement resolving all ongoing litigation matters, including disputes over breach of contract, trade secrets, and intellectual property claims. The settlement terms remain confidential, with both parties expressing satisfaction with the outcome.The resolution marks a significant turning point in the relationship between the two semiconductor industry leaders, paving the way for potential future collaboration in areas of mutual interest. Dr. Thomas Caulfield, CEO of GlobalFoundries, and Arvind Krishna, CEO of IBM, both emphasized the positive implications of the settlement for their organizations and customers.

GlobalFoundries and IBM announced on January 2, 2025, that they have reached a comprehensive settlement resolving all ongoing litigation matters, including disputes over breach of contract, trade secrets, and intellectual property claims. The settlement terms remain confidential, with both parties expressing satisfaction with the outcome.The resolution marks a significant turning point in the relationship between the two semiconductor industry leaders, paving the way for potential future collaboration in areas of mutual interest. Dr. Thomas Caulfield, CEO of GlobalFoundries, and Arvind Krishna, CEO of IBM, both emphasized the positive implications of the settlement for their organizations and customers.