IBM can not get rid of the unprofitable production of microchips

Hard times came in the company IBM. Part of the divisions of the transnational corporation generate huge losses, and getting rid of them, as it turned out, is not as easy as the company's management intended.

Information Agency Bloomberg , referring to its insider at IBM, published quite interesting information. As it turned out, the corporation is so keen to get rid of the unprofitable production of microcircuits, which is even ready to pay to the person who takes this unit.

IBM executives negotiated with representatives of the company Globalfoundries and offered them $ 1 billion in addition to their unprofitable unit, just to get rid of it quickly. Last year, the cost of maintaining microchip production cost IBM 1.5 billion dollars (about 2% of the company's annual turnover), while the company does not see any profit from the chip production for the ninth consecutive quarter. The construction of the enterprise in the state of New York at one time cost the company $ 2.5 billion.

This transaction has both positive and negative sides. By the disadvantages can be attributed the fact that the party that received the right to manufacture IBM chips, will have to resolve issues with its content and funding. But to unconditional pluses it is possible to carry intellectual property of IBM, which goes to the load to the division.

Be that as it may, on the first attempt, IBM did not do anything, and the company Globalfoundries somehow retreated, abandoning the deal. However, the insider does not exclude that the parties will return to negotiations in the foreseeable future. Until then, the production of chips continues to hang around the corporation's neck.

The article is based on materials https://hi-news.ru/computers/u-kompanii-ibm-ne-poluchaetsya-izbavitsya-ot-ubytochnogo-proizvodstva-mikrochipov.html.