IBM Reportedly Back in Talks With GlobalFoundries Over Chip Unit

IBM is reportedly back in discussions with GlobalFoundries as it seeks to unload its chip-manufacturing unit. IBM is now willing to pay GlobalFoundries more than the $1 billion it previously offered the semiconductor foundry to take over the unit, according to Bloomberg, which cited a person familiar with the matter. Talks between the two broke down in July, when GlobalFoundries reportedly wanted about $2 billion to take the unit, which would offset the money-losing division's losses. If IBM succeeded in unloading the unit, that doesn't mean it would exit the chip manufacturing space. The company announced in July it would invest $3 billion in computer chip research and development.