Why Did IBM Paid Globalfoundries $1.5B to Take Chip Unit?

The video discusses IBM's strategic shift from hardware to software and services, highlighting issues like price handling and sales challenges. IBM has exited the chip manufacturing business, focusing on software and services, while Global Foundries expands its capacity. Despite these changes, IBM's stock is currently facing challenges. The company plans to invest in R&D and patents, aiming for long-term growth in software and services.

In what ways does IBM's strategy present a competitive position against Taiwan Semiconductor Manufacturing?

What is the significance of the $3 billion investment mentioned in the text?