Clears way for 'new opportunities' for collab, say pair IBM and semiconductor maker GlobalFoundries have settled all of their litigation against each other, including breach of contract, patent, and trade secret suits,

GlobalFoundries and IBM said on Thursday they have settled dueling lawsuits in which GlobalFoundries was accused of breaching a contract with IBM and the computer giant was alleged to have misused the chipmaker's trade secrets.

IBM Corp. and GlobalFoundries Inc. announced today that they’ve agreed to end a years-long legal dispute that focused on their respective chip development efforts.

The legal dispute stems from GlobalFoundries' takeover of IBM’s loss-making chip business in 2015. The deal saw IBM pay GF $1.5bn to take the semiconductor unit off its hands and in return, GF agreed to become IBM's sole chip supplier for the next decade.

GlobalFoundries and IBM announced on January 2, 2025, that they had settled their ongoing legal battles, which included claims of breach of contract, trade secrets, and intellectual property disputes.

The companies did not disclose the financial terms of the settlement while both parties expressed satisfaction with the resolution.

Mubadala-owned chipmaker Joint statement with computer giant Terms of deal confidential GlobalFoundries, the chipmaker