IBM will sell the semiconductor technologies unit that makes its Power processors to GlobalFoundries, paying the chip manufacturer about US$1.3 billion to take two factories off its hands in a move to save money.
Under pressure to boost margins, IBM is set to make what it calls a "major business announcement" Monday morning, raising the possibility that it has finalized a deal to transfer chip-making operations to GlobalFoundries.
It's a boom year for venture capital investing, and tech companies with the potential to disrupt business-as-usual are grabbing the lion's share of the money.
What a tease. Image hosting company Twitpic will in fact shut down on Oct. 25, the firm said Thursday -- a surprising development after it previously said an acquisition would save it from death.
Google missed analyst forecasts for both earnings and income in the third quarter, while the amount it makes when users click on ads also dipped.
AMD's new chief is making her mark quickly: By the end of 2014, the chipmaker will cut worldwide headcount by about 7 percent in a restructuring plan it hopes will put it on the path to improved profits.
A former employee of Oracle has sued the company for allegedly conspiring with Google to prevent poaching of certain categories of managers from each other, in a bid to keep salaries low.
Qualcomm has agreed to buy chip company CSR in a move to strengthen its focus on the Internet of Things (IoT) and connected cars.
Technology workers have asked an appeals court not to approve a US$324.5 million settlement in Silicon Valley's controversial employee hiring case, according to a document filed Tuesday.
SAP's Hana Enterprise Cloud service will be made available through IBM's global Cloud infrastructure, in a move that expands options for customers around the world who are considering moving their business applications off-premises to the Cloud.
French telecommunications company Iliad has dropped its bid for a majority stake in T-Mobile US after an improved offer was rejected by the U.S. carriers' majority owner Deutsche Telekom.
Big data is going to get a big boost from the European Union, which will match an industry consortium's €2 billion investment with €500 million of public money over the next five years.
Dell has appointed a company veteran to run its server unit following the departure of an executive known for his strong opinions.
Microsoft CEO Satya Nadella recommends that not asking for a pay raise is "good karma" for women, leading bosses to trust them and give them more responsibility.
Hewlett-Packard's plan to slice itself in two is being well-received by a cross-section of customers, though questions linger around PC and printer services and support.
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