IBM, International Business Machines, the largest industrial research organization in the world, has announced plans to shut down its research and development operations in China, which will affect over 1,000 jobs. According to reports, this restructuring is a result of the company’s struggles with falling demand for its hardware and challenges in growth markets. These…
IBM: $730 Million Semiconductor Investment
IBM, International Business Machines, the world’s largest industrial research organization, has announced plans to invest $730 million USD to expand its semiconductor packaging and testing plant in Bromont, Quebec, Canada. This investment deal is expected to be made over a period of five years and will focus on advanced semiconductor components as it aims to…
IBM: $6.4 Billion HashiCorp Deal
IBM, International Business Machines, the multinational technology corporation known as Big Blue, has announced plans to acquire HashiCorp for $6.4 billion USD. This acquisition deal is expected to close by the end of the year and will bring about a comprehensive hybrid cloud platform designed for the AI era. The report further states that IBM…
IBM to Layoff 8,000
The International Business Machines Corporation is the largest industrial research organization in the world, specializing in computer hardware, middleware, and software solutions. IBM was founded in 1911 and is headquartered in Armonk, New York. According to reports, IBM has announced plans to lay off 8,000 employees in the marketing and communications divisions over a 5-year…
IBM: $2.3 Billion Software AG Acquisition Deal
The International Business Machines Corporation, also called Big Blue, is an American multinational technology corporation founded in 1911 and headquartered in Armonk, New York. Present in 177 countries, IBM is the largest industrial research organization in the world, specializing in computer hardware, middleware, and software solutions. According to reports, IBM will acquire two subsidiaries of…