Will IBM Stock Benefit From Lawsuit Settlement With GlobalFoundries?
IBM(IBM) ZACKS·2025-01-03 17:00International Business Machines Corporation (IBM) recently announced that it has reached a settlement on the company’s ongoing legal issues with GlobalFoundries, Inc. (GFS) . The resolution includes the settlement of all disputes regarding breach of contract, trade secrets and intellectual property claims. The terms of the settlement have been kept confidential.BackgroundIBM sold its semiconductor plants to GlobalFoundries in 2015. In 2021, IBM filed a lawsuit against GlobalFoundries, accusing them of breac ...