IBM and Global Foundries agree to settle previous lawsuits
Details of the settlement remain undisclosed
Deal stems from two lawsuits in 2021 and 2023
IBM and Global Foundries have confirmed reaching a settlement, years in the making, to effectively resolve all litigation matters, including breach of contract, trade secrets and intellectual property claims.
Confirmation of the settlement came from the two companies (Global Foundries, IBM), marking the end of their ongoing two-sided legal dispute.
