AMD gives up remaining shares in GlobalFoundries, amends wafer supply agreement

By Jos
Mar 5, 2012
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  1. Exactly three years after spinning off its semiconductor manufacturing arm into a separate entity called GlobalFoundries, AMD is giving up the remaining of its minority stake to Abu Dhabi-based Advanced…

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  2. raybay

    raybay TS Evangelist Posts: 7,241   +9

    That new head of AMD is moving pretty fast in amazing new ways... Wonder what AMD will be like three years from now.
  3. dividebyzero

    dividebyzero trainee n00b Posts: 4,891   +1,258

    Yup. Paying $425m in cash plus a $278m write-off to get rid of 8.8% ownership in the worlds third largest semiconductor foundry...amazing is one word for it.
    Unrecognizable ?

    Meanwhile, in the Batcave under stately Read Manor...
    ...which I think is marketspeak for "We're sick of flushing capital down the toilet with GloFo. It's worth paying to lose the 8.8% stake". Makes me wonder how far GF are behind in the game in process and execution in comparison with TSMC (graphics) and Intel (CPU).
  4. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,557   +2,900


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