News: Asset-smart unfurls, AMD spins off foundry business

[news 28]

Faced with rising manufacturing costs and growing demand for contract semiconductor manufacturing, AMD has decided to spin off its fabrication business into a separate company. In doing so, AMD has teamed up with the Advanced Technology Investment Company (ATIC) of Abu Dhabi, which will take a 55.6% stake in the new manufacturing entity and contribute a few billion dollars over the coming years. AMD will take a 44.4% stake but get equal voting rights with ATIC.

 

More here:

 

http://techreport.com/discussions.x/15649

 

 

 

 

 

 

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