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Company type | Subsidiary |
---|---|
Industry | Semiconductor |
Founded | 1966 |
Defunct | 2015 |
Fate | Divestiture; remaining plants sold to GlobalFoundries (excluding Quebec) |
Headquarters | |
Parent | International Business Machines Corporation (IBM) |
Website | chips.ibm.com at the Wayback Machine (archived December 22, 1996) |
IBM Microelectronics Division was the semiconductor arm of International Business Machines Corporation (IBM) from 1966 to 2015. Two facilities in Burlington, Vermont, and East Fishkill, New York, housed the majority of the division. It was sold to GlobalFoundries in 2015; as part of the agreement, IBM gave its Burlington and East Fishkill factories and $1.5 billion in cash to GlobalFoundries in exchange for the latter supplying high-technology chips to IBM for a decade.