Re:Why IBM Is Suing GlobalFoundries over Chip Roadmap Failures
by nabla9 on Monday June 14, 2021 @08:39AM
(#27501848)
IRTFA and links.
I think it's true that timing is related to potential IPO, but if the claim has merit, impossible to say.
IBM is suing for compensatory and consequential damages,restitution, equitable relief and punitive damages arising from the fraud and intentional breaches of contract committed by GF. This was no mere supply arrangement. GF did not commit to long-term strategic and financial commitment to the development of High Performance chips. IBM provided money and technology to develop those chips. ...
IBM reserved all its rights with respect to GlobalFoundries’ breaches with 10nm when GF moved to 7nm. It turns out that GlobalFoundries was never committed to developing High Performance semiconductors for the long term. GlobalFoundries admitted that it "never planned to be a leading producer of 7-nm chips in terms of volume".
GF says those are outlandish demands and claims have no merit under the plain language of the Parties’ Agreements. IBM tries to fish because there is potential IPO.
I think it's true that timing is related to potential IPO, but if the claim has merit, impossible to say.
IBM is suing for compensatory and consequential damages,restitution, equitable relief and punitive damages arising from the fraud and intentional breaches of contract committed by GF. This was no mere supply arrangement. GF did not commit to long-term strategic and financial commitment to the development of High Performance chips. IBM provided money and technology to develop those chips. ... IBM reserved all its rights with respect to GlobalFoundries’ breaches with 10nm when GF moved to 7nm. It turns out that GlobalFoundries was never committed to developing High Performance semiconductors for the long term. GlobalFoundries admitted that it "never planned to be a leading producer of 7-nm chips in terms of volume".
GF says those are outlandish demands and claims have no merit under the plain language of the Parties’ Agreements. IBM tries to fish because there is potential IPO.