Big News: AMD to finally spin off manufacturing on Tuesday

[news 28]

This should be the talk of the tech world on Tuesday...

 

URL: http://www.pcper.com/comments.php?nid=6262

 

Quote: "AMD will finally culminate their "asset light" plan by spinning off

the manufacturing side of the business to a group funded by $8.4 billion

dollars from Abu Dhabi. Bloomberg has the full story that talks about the

various stakes and financial investments from both sides of the new

investment. AMD will be paid $700 million dollars from the Abu Dhabi group

and will pass on $1.2 billion dollars in AMD's debt to form the new

manufacturing company, to be known as "Foundry Co.," that will be infused

with another $6 billion to expand and operate. The new company will be

responsible for making all of AMD's CPUs but will seek contracts from other

companies."

 

Ryan Shrout

PC Perspective

rshrout ( -at -) pcper.com