Despite its many growth issues, IBM has just landed a major deal when the US Department of Energy signed the #325 million arrangement for the supply of supercomputers. Apart from IBM, other companies such as Mellanox and Nvidia were also included in the deal meant to supply the department with supercomputers that would allow the ultra-fast analysis of data for national security, scientific … [Read more...]
IBM Pays Globalfoundaries $1.5 Billion to Take Unprofitable Processor Making Unit
IBM allegedly agreed with Globalfoundaries to take its processor making unit for $1.5 billion, the Wall Street Journal reports. The info comes from anonymous sources familiar with the matter, who preferred to have their identity kept a secret, as the deal is not yet public. However, IBM is almost certainly going to make the deal public on Monday, as the company announced on Sunday that together … [Read more...]
IBM Server Sale to Lenovo Approved by U.S. Regulatory
Last month, the Chinese signed off a deal with IBM. Based on it, IBM can sell its X86-based server business. The company has finally received the green light from the Committee on Foreign Investment in the U.S., and the sale of IBM's low-end server division to Lenovo will soon be complete. The China-based company is investing 2.3$ billion for the X86-based business. This deal may very well be the … [Read more...]
Apple and IBM Become Partners
Giants IBM and Apple announced on Tuesday that they are teaming up to develop more than 100 mobile apps designed specifically for businesses use. Apple’s user-friendly philosophy will ingeniously be combined with IBM’s enhaned expertise when it comes to security, back end systems integration and analytics. In other words, iPhones and iPads are more likely to be preffered by businessmen on their … [Read more...]
