#<p><strong><a href="http://www.techeye.net/wp-content/uploads/2015/05/Screen-Shot-2015-05-19-at-14.17.44-e1432041586853.png"><img class="alignleft size-medium wp-image-158661" src="http://www.techeye.net/wp-content/uploads/2015/05/Screen-Shot-2015-05-19-at-14.17.44-300x223.png" alt="Clouds over the Old Power Station, Oxford" width="300" height="223" /></a>As IBM announced</strong> that the US government had approved the sale of its semiconductor business to GlobalFoundries (GloFo),the company said that its current focus on cloud computing is paying off in central and eastern Europe.</p>
<p>IBM decided some years back that it was foolish spending billions on state of the art fabrication plants (fabs) when its one time rival Intel was beating it on all fronts.… <a href="http://www.techeye.net/business/cloud-passes-over-central-europe" class="read_more">Read the rest</a></p>

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