IBM and GlobalFoundries Settle Multibillion-Dollar Lawsuits

IBM and GlobalFoundries have settled all their ongoing litigation, encompassing breach of contract, patent, and trade secret disputes. Details of the confidential settlement remain undisclosed, but both companies stated it opens the door for future collaboration. The dispute, initiated by IBM in 2021, stemmed from a $1.5 billion chip manufacturing agreement and accusations by GlobalFoundries of IBM's unlawful disclosure of trade secrets. This resolution clears the path for future projects, particularly IBM's collaboration with Rapidus on 2nm chip technology.