Hogan Lovells Advises IBM on Global Foundries Acquisition of Microelectronics Business
20 October 2014
WASHINGTON, D.C. 20 October 2014 – Hogan Lovells provided IBM with global antitrust review in the US$1.5 billion acquisition of its microelectronics business by Global Foundries.
IBM and Global Foundries announced today a definitive agreement for Global Foundries to acquire IBM's global commercial semiconductor technology business, including intellectual property, world-class technologists and technologies related to IBM Microelectronics, subject to regulatory reviews. Global Foundries will become IBM's exclusive server processor semiconductor technology provider for 22 nanometer (nm), 14nm and 10nm semiconductors for the next 10 years.
The Hogan Lovells cross-border team was composed of Washington partners Janet McDavid and Logan Breed, Brussels partner Ciara Kennedy-Loest, Beijing partner Adrian Emch, and Senior Advisor and Foreign Legal Consultant to Hogan Lovells US LLP Rachel Brandenburger.