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Reports: IBM explores sale of semiconductor business |
February 07, 2014
IBM is exploring the sale of its semiconductor unit shortly after agreeing to sell its low-end server business to Lenovo Group, according to newspaper reports.The company is said to have appointed investment bank Goldman Sachs to sound out potential buyers, but could also seek to set up a semiconductor joint venture, The Financial Times reported.The semiconductor business is described as the company’s most technology intensive, and contributes technologies for some key initiatives including the Watson cognitive computing system and high-end servers.IBM plans to retain its chip-design capabilities while selling the manufacturing operation, The Wall Street Journal reported.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2095660/reports-ibm-explores-sale-of-semiconductor-business.html#tk.rss_all
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