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In an unusual move, IBM will pay GlobalFoundries to take the chip business off its hands -- rather than GlobalFoundries paying IBM for the operation.
The man who oversaw Google's buyout of Motorola Mobility will now be in charge of the international chip manufacturer.
ATIC says it will invest the money over the next to years, which will aid the factory's expansion to produce 20- and 14-nanometer nodes.
A longtime customer of Samsung, Apple is reportedly looking at other companies to also manufacture its iPhone and iPad chips.
Apple could turn upstate New York into a global chipmaking hot spot if its rumored discussions with Globalfoundries bear fruit.
Samsung will produce 75 percent of the processors Apple needs for its next slate of iPhones, according to a report out of South Korea.
If Apple owned capacity at a fab, it would give the company the kind of control over both design and chip manufacturing that Intel has.
The small Santa Clara, Calif.- startup, Ineda Systems, will make chips for wearables that offer long battery life.
For all the bad blood over smartphones, a coziness remains when it comes to Samsung-made chips, says the chief of VLSI Research. "Apple has been ... learned how to work that relationship."
Apple-Samsung relationship is not over yet: a Nikkei analysis finds Samsung-made A7 inside iPhone 5S.