Affiliate Review:Big News: AMD to finally spin off manufacturing on Tuesday

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Affiliate Review:Big News: AMD to finally spin off manufacturing on Tuesday

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14-October-08, 12:05 AM

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THRASHER2

PCApex Newscaster

Affiliate Review:Big News: AMD to finally spin off manufacturing on Tuesday

Big News: AMD to finally spin off manufacturing on Tuesday

Quote:

Originally Posted by pcper


	"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." Full Story at pcper

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