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  Microsoft and IBM Announce Technology Agreement
Time: 10:20 EST/15:20 GMT | News Source: Microsoft Press Release | Posted By: Byron Hinson

Microsoft Corp. today announced that it has entered into a semiconductor technology agreement with IBM Corp. Under the agreement, Microsoft has licensed leading-edge semiconductor processor technology from IBM for use in future Xbox® products and services to be announced at a later date. "Microsoft is already developing the software and services that will drive the Digital Decade," said Robbie Bach, senior vice president of the Home & Entertainment Division at Microsoft. "By combining our vision, software experience and R&D resources with IBM's computer and semiconductor technologies, we plan to deliver unprecedented and unparalleled entertainment experiences to consumers while creating new engines of growth for the technology and entertainment industries."

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