Reuters: The tech giant will pay the contract-chipmaker $1.5 billion in cash over the next three years to take its loss-making semiconductor unit off its hands.
Reuters: The tech giant will pay the contract-chipmaker $1.5 billion in cash over the next three years to take its loss-making semiconductor unit off its hands.
IBM took a related pre-tax charge of $4.7 billion in its third quarter. It also reported a 4 percent drop in revenue on Monday, hurt by weak sales in its software and services businesses.
IBM’s shares fell 8 percent to $167 in premarket trading.
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