IBM Pays $1.5B to Dump Unprofitable Chipmaking Unit

IBM has agreed to pay GLOBALFOUNDRIES $1.5 billion to take over its unprofitable chipmaking unit. This decision results in a pretax charge of $4.7 billion for IBM, impacting its earnings report. Despite the financial hit, IBM is focusing on cloud computing, although it is considered late to the market. The video also includes a personal disclosure of IBM shares held by the speaker, noting a rise in premarket trading.

What is the amount IBM is paying GLOBALFOUNDRIES to take over its chipmaking unit?

• $2.5 billion

• $2 billion

• $1.5 billion

• $1 billion

What is the pretax charge IBM will incur due to the deal with GLOBALFOUNDRIES?

• $4.7 billion

• $4.5 billion

• $5 billion

• $3.7 billion

What percentage of 90 days' revenues does the charge represent for IBM?

• 20%

• 15%

• 10%

• 25%

What is IBM's strategic focus moving forward?

• Cloud Computing

• Blockchain

• Artificial Intelligence

• Quantum Computing

How are IBM shares performing in the premarket following the announcement?

• Declining

• Stable

• Unchanged

• Rising