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Reuters

Reuters

IBM, GlobalFoundries settle lawsuits over contract, trade secrets

Reuters
Summary
Nutrition label

80% Informative

IBM sued GlobalFoundries in 2021 for allegedly breaking a $1.5 billion contract to make high-performance chips for IBM .

The chipmaker also sued IBM in federal court in 2023 for allegedly misappropriating its trade secrets.

The companies said in a joint statement that the terms of the settlement were confidential.

The settlement would allow them to "explore new opportunities for collaboration".

VR Score

91

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98

Neutral language

44

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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