AMD and Advanced Technology Investment Company of Abu Dhabi to Create Leading-Edge Semiconductor Manufacturing Company
Mubadala Development Company intends to increase investment in financially-stronger AMD, which is simultaneously unlocking the value of its manufacturing assets.
On Oct. 7, 2008, AMD and the Advanced Technology Investment Company announced the intention to create a new global enterprise, The Foundry Company, to address the growing global demand for independent, leading-edge semiconductor manufacturing. There is a strong shift to foundries occurring – particularly to foundries with the capacity to produce devices using leading-edge process technologies. With The Foundry Company, AMD will be able to unlock the value of its world-class manufacturing capability – by making it available to a growing community of fabless semiconductor companies.
http://web.amd.com/newglobalfoundry/
Advanced Micro Devices said Tuesday that it would split into two companies — one focused on designing microprocessors and the other on the costly business of manufacturing them — in a drastic effort to maintain its position as the only real rival to Intel.
In addition, the company said two Abu Dhabi investment firms would inject at least $6 billion into the two companies, mostly to finance a new chip factory that A.M.D. planned to build near Albany and to upgrade one of the company’s existing plants in Dresden, Germany.
http://www.nytimes.com/2008/10/07/te...=1&oref=slogin
“This is the biggest announcement in our history. This will make us a financially stronger company, both in the near term and in the long term, as a result of being out from the capital expense burden we have had to bear.” - A.M.D. Chief Executive, Dirk Meyer
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Originally Posted by vaughan
