Subj : GlobalFoundries sues IBM over alleged trade secrets breach
To   : All
From : TechnologyDaily
Date : Fri Apr 21 2023 18:45:03

GlobalFoundries sues IBM over alleged trade secrets breach

Date:
Fri, 21 Apr 2023 17:36:41 +0000

Description:
Since a handover between IBM and GF, both companies have been battling it out 
on the legal playing field.

FULL STORY
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Semiconductor manufacturer GlobalFoundries (GF) has confirmed that it has 
sued IBM for sharing trade secrets after GF had acquired the business in 
question in 2015, at which point the sole and exclusive right to license and 
disclose that technology was handed over to GF. 

A company press release explains: The complaint asserts the former 
semiconductor manufacturing company has unlawfully disclosed GFs confidential 
IP and trade secrets. 

As a result of allegedly disclosing secrets to partners like Intel and 
Rapidus, GF believes that IBM is unjustly receiving potentially hundreds of 
millions of dollars in licensing income and other benefits. IBM sued for 
allegedly sharing IP secrets 

The lawsuit is specifically concerned about the technology that stems from 
Albany NanoTech Complex research, and also raises concerns about any further 
breaches that may have occurred. 

GlobalFoundries, through a federal court in the Southern District of New 
York, has asked for compensatory and punitive damages to a currently 
undisclosed figure, as well as an injunction to prevent IBM from further 
unlawful disclosures. Read more 

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The New York-based firm also noted apparent efforts by IBM to target and 
recruit its workers, who it describes as world-class, requesting that the 
court put a stop to this. 

A statement by the company reads: GF will aggressively defend its investments 
in technology against those who violate them, as the complaint demonstrates 
IBM has repeatedly done. 

This isnt the first altercation between the two companies, with IBM 
complaining several years after the handover that GF had failed to fulfill 
its obligations under their contract, with $2.5 billion in damages at stake. 

A GlobalFoundries spokesperson confirmed to TechRadar Pro that the previous, 
unrelated litigation is ongoing, that depositions have been complete, and 
that the company believes it's a "meritless claim." 

We asked IBM about the most recent case. A company spokesperson said: 

"GlobalFoundries filed this meritless lawsuit after a court rejected the 
companys attempt to dismiss IBMs legitimate fraud and breach of contract 
claims. Their allegations are entirely baseless, and we are confident that 
the court will agree." After something more portable? Here are the best 
business laptops and best mobile workstations



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Link to news story:
https://www.techradar.com/news/globalfoundries-sues-ibm-over-alleged-trade-sec
rets-breach


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