IBM: The Elder Statesman Of Semiconductors

May 17, 2021 Timothy Prickett Morgan

Big Blue may be a lot smaller than it used to be, and it is going to get a lot smaller after its spins off its managed services and hosting business into a new company to be called Kyndryl, which will have about $19 billion in sales, about 4,600 customers, and about 90,000 employees. That will leave the remaining part of IBM, focused on its Power Systems and System z platforms and its whole push into hybrid cloud, artificial intelligence, and quantum computing.

That remaining business will have about $59 billion in sales, about 260,000 employees, and something on the …