[lizknope]

Remember that IBM paid Global Foundries $1.5 billion to take their fabs and design services group.

GF did not pay IBM. IBM paid GF to take the fabs away.

https://www.reuters.com/article/technology/ibm-to-pay-global...

[d3m0t3p]

It was 15 years ago. Whole management got replaced, they are quite ambitious. Let's see if how this works out now.

[trynumber9]

The plan doesn't involve running fabs again. Too expensive. IBM licenses their manufacturing technology (so far to Rapidus in Japan).