{"id":797427,"date":"2025-01-02T08:04:30","date_gmt":"2025-01-02T13:04:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\/"},"modified":"2025-01-02T08:04:30","modified_gmt":"2025-01-02T13:04:30","slug":"globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\/","title":{"rendered":"GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters"},"content":{"rendered":"<h2>\nSettlement paves the way for potential future collaboration<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>MALTA, N.Y. and ARMONK, N.Y., Jan.  02, 2025  (GLOBE NEWSWIRE) &#8212; GlobalFoundries (Nasdaq: GFS) (GF) and IBM (NYSE: IBM) today announced that the two companies have reached a settlement in their ongoing lawsuits, resolving all litigation matters, inclusive of breach of contract, trade secrets and intellectual property claims between the two companies. This settlement marks the end of an ongoing legal dispute and allows the companies to explore new opportunities for collaboration in areas of mutual interest.<\/p>\n<p>The details of the settlement are confidential and both parties have expressed satisfaction with the outcome.<\/p>\n<p>&#8220;We are pleased to have reached a positive resolution with IBM, and we look forward to new opportunities to build upon our long-standing partnership to further strengthen the semiconductor industry,&#8221; said Dr. Thomas Caulfield, president and CEO of GF.\u00a0<\/p>\n<p>\u201cResolving these disputes is a significant step forward for our companies and will allow us to both focus on future innovations that will benefit our organizations and customers,\u201d said Arvind Krishna, Chairman and CEO of IBM.<\/p>\n<p>\n        <strong>About GF\u00a0<\/strong>\u00a0<\/p>\n<p>GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tlne7viBMvTfUrUmcNt8uSIiGvw7ARyxJelSHLhnfHMK_vL_wV8B2f9fANbtcDhYCHqtoH519w5fKnIExP9WExIempakmxg7lRlrEPDgBNQGwi8k4v0mQx4rnks-SJdjs7SqbLZfRwMulLCSjVjZxODjdqyZVPzoVh9Z7_EDcCAZ_NEk_71hr_m539VmyFhewu-1eDFI9mGpikVl6RDOIbv0q_ZjJpCCmit5jKtmSqpfMnrjhGSn8oK0q5ohj96hb_Uo-AUMIb-yT6MPkphx45J9p6lBt9N2S0HUQm7V6fnpfDrH-tMo95EmkCUuPVN78e3lqeLCmpuf7sfIUKunpD7fPtpsgc8BJunrVSt4EP0lyyZKUa2yd7iW84axaKDdnQt6cLnZ-i8Ve58wnTxhcfTLr-w-Sd4JeqrHd17pnpQU9m8j0O93Kxc6gRJZVz2jnNcgB7VkW5Ie1O7EBUBi3UItp9tUy_ePQfOavWLqoOyoWONr9k4xCSlSbeWlDtFshV-wjBSGTJtMrxx2OV0Y2mROrBSwnoWnFzDZVT2LYRGQZJXevizLiqChK5kKPioM8UnEMwF_-36e0-So0X3EHg==\" rel=\"nofollow\" target=\"_blank\"><em>www.gf.com<\/em><\/a>.\u00a0<\/p>\n<p>\n        <em>\u00a9GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.<\/em>\u00a0<\/p>\n<p>\n        <strong>Forward-looking Information<\/strong>\u00a0<\/p>\n<p>This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.\u00a0\u00a0\u00a0<\/p>\n<p>\n        <strong>About IBM<\/strong>\n      <\/p>\n<p>IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM&#8217;s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM&#8217;s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM&#8217;s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hH4dmKXeyqsOqnQ4MokwMPeicgQysTIvSChGMOpkneZlzeMgodLwfzHQtgscWdQ9o_TeBLEp7CnPx1NzE-BSbA==\" rel=\"nofollow\" target=\"_blank\">www.ibm.com<\/a>\u00a0for more information.<\/p>\n<p>\n        <strong>Media Contact:<\/strong>\u00a0<br \/>Erica McGill<br \/>GlobalFoundries<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tl75j_PdT1YVcsU-xsImt_Dhqh-VpebxsSxtxjsdoyUbX1LCt9ytCPBrUWJJKwu2oINnE1eqwOg8r0_ADEnkjiixnUBwXjXmfsl8Flzh7D0=\" rel=\"nofollow\" target=\"_blank\">erica.mcgill@gf.com<\/a><\/p>\n<p>Adam Pratt<br \/>IBM<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-CrJYVxur9qRp8Oat_H26SKYqobexeaTpSR47vhcxumhZrQ30l78eIy3FyFZau45IrrgSHDWBMMiEQjYTGDdUkRTW9BgtLW4iglWxws3U1E=\" rel=\"nofollow\" target=\"_blank\">arpratt@us.ibm.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNTM1NyM2Njc1MjA1IzIwOTk0MzQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/OTY4YjIyYTAtY2YxMi00ZDc1LTk4ZGQtYTUwNjgwMjRmYzk4LTExMTEwMDU=\/tiny\/GlobalFoundries-US-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Settlement paves the way for potential future collaboration MALTA, N.Y. and ARMONK, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) &#8212; GlobalFoundries (Nasdaq: GFS) (GF) and IBM (NYSE: IBM) today announced that the two companies have reached a settlement in their ongoing lawsuits, resolving all litigation matters, inclusive of breach of contract, trade secrets and intellectual property claims between the two companies. This settlement marks the end of an ongoing legal dispute and allows the companies to explore new opportunities for collaboration in areas of mutual interest. The details of the settlement are confidential and both parties have expressed satisfaction with the outcome. &#8220;We are pleased to have reached a positive resolution with IBM, and we look forward to new opportunities to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-797427","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Settlement paves the way for potential future collaboration MALTA, N.Y. and ARMONK, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) &#8212; GlobalFoundries (Nasdaq: GFS) (GF) and IBM (NYSE: IBM) today announced that the two companies have reached a settlement in their ongoing lawsuits, resolving all litigation matters, inclusive of breach of contract, trade secrets and intellectual property claims between the two companies. This settlement marks the end of an ongoing legal dispute and allows the companies to explore new opportunities for collaboration in areas of mutual interest. The details of the settlement are confidential and both parties have expressed satisfaction with the outcome. &#8220;We are pleased to have reached a positive resolution with IBM, and we look forward to new opportunities to &hellip; Continue reading &quot;GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-02T13:04:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNTM1NyM2Njc1MjA1IzIwOTk0MzQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters\",\"datePublished\":\"2025-01-02T13:04:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\\\/\"},\"wordCount\":517,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyNTM1NyM2Njc1MjA1IzIwOTk0MzQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/globalfoundries-and-ibm-announce-settlement-and-resolution-of-all-litigation-matters\\\/\",\"name\":\"GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters - 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