Division of AMD
No secret that AMD is experiencing a crisis. Apart from the video card industry that they can reclaim from nVIDIA, but AMD is still one step behind Intel. AMD still trying to block the processor speed of Intel's 45 nm with their first, Shanghai, which seeks to be released along with second-generation 45 nm Intel processors, Nehalem.
To deal with the processor chip market is getting tighter, AMD finally decided to divide the two companies. One company will continue to run the chip design business and remain
use the name of AMD, the other will use the name of the Foundry Company will produce chips. Two separate companies will be working side by side, but still
conduct business independently. In addition, two companies that came from Abu Dhabi has decided to invest their money of U.S. $ 5.7 billion to make AMD better. The majority of the money injected from two Abu Dhabi companies will later be flowing into the Foundry Company, which will create a new factory in Albany, New York.
AMD retains n 44.4% stake in Foundry Company, and the largest shares held by Advanced Technology Investment Company. Advanced Technology, a company that didrikan by wealthy Abu Dhabi government, has promised an initial investment of U.S. $ 2.1 billion.
Advanced Technology was not the only company that wants AMD. Mubadala Development Company, which bought 8% stake in AMD last November 2007, will pay U.S. $ 314 million to buy 58 million shares of AMD, or approximately 19.3% of the total AMD. Later Mubadala and Advanced Technologyn will keep working together to complete the purchase agreement with AMD.
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