#<p><img class="size-full wp-image-9105 alignleft" alt="IBM Not Servers Not Semis" src="http://channeleye.co.uk/wp-content/uploads/2014/10/IBM-Not-Servers-Not-Semis.png" width="330" height="165" />IBM advised late Sunday that it will be announcing “a major business announcement” Monday morning along with its’ third-quarter results according to Bloomberg News.</p>
<p>This comes as no surprise to industry watchers. Sanjay Jah, CEO of Globalfoundries Inc. is well known as a shrewd negotiator – fees for taking over IBM’s semi ops were reported as high as $2 Billion. <a href="http://channeleye.co.uk/ibm-pays-globalfoundries-1-5-billion-to-take-away-chip-losses/" class="read_more">more&#187;</a></p><div class="feedflare">
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