In order to focus on semiconductor research and development of cloud, mobile and big data systems, IBM has decided to transfer its chip manufacturing business to Globalfoundries.
This is reportedly Microsoft's new 'Surface Pro' tablet
AMD has announced it will only buy $115 million of processor chip wafers from Globalfoundries in the fourth quarter of 2012, a massive decrease compared to its previous plan of paying $500 million.
AMD announced that it lost $590 million in its last fiscal quarter but added that it still had "solid results" as the results included a one time accounting charge of $703 million.
Globalfoundries, the company that once was a part of AMD's chip manufacturing business, has now bought back its remaining shares from AMD to become a true independent foundry.