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IBM pays GlobalFoundries $1.5bn to shed its chip division

American multinational technology and consulting corporation IBM will pay $US1.5 billion ($A1.62 billion) to GlobalFoundries in order to offload its costly chip division, according...
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What spending reveals about downstream consumer demand for manufactured goods

For manufacturers supplying consumer-facing markets, understanding demand conditions has become increasingly important in an environment shaped by cautious spending, rising costs and intense competition.