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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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How growth capital is helping an Australian manufacturer go global

There’s a particular kind of ingenuity that flourishes in regional Australia. Away from the noise of major business centres, founders build companies that quietly become world leaders in their field, solving deep specialised problems that global markets didn’t know could be solved. Modra Technology, based in Warragul in regional Victoria, is one of those companies.