GlobalFoundries Sues IBM, Says Trade Secrets Were Unlawfully Given To Japan's Rapidus

Chip manufacturer GlobalFoundries said today it had filed a lawsuit against IBM, accusing it of unlawfully sharing confidential intellectual property and trade secrets. From a report: New York-based GlobalFoundries said in its complaint that IBM had shared IP and trade secrets with Rapidus, a new state-backed Japanese consortium that IBM is working with to develop and produce cutting-edge two-nanometre chips. It also asserted that IBM had unlawfully disclosed and misused its IP with Intel, noting that IBM had announced in 2021 it would collaborate with Intel on next-generation chip technology. "IBM is unjustly receiving potentially hundreds of millions of dollars in licensing income and other benefits," GlobalFoundries said in a statement. IBM pushed back in an emailed statement to Reuters saying: "GlobalFoundries filed this meritless lawsuit after a court rejected the company's attempt to dismiss IBM's legitimate fraud and breach of contract claims. Their allegations are entirely baseless, and we are confident that the court will agree."

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