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AMD launches $4.3B Middle Eastern JV, names new chair (from Corporate Dealmaker)

Advanced Micro Devices Inc. is advancing its corporate strategy. The debt-ridden microprocessor maker has closed its deal to spin off its manufacturing business into a joint venture, named the Foundry Co., with Middle Eastern investors.AMD, which owns 34.2% of the JV and has a 50% voting interest, received $700...

Posted on March 3, 2009 1:25 PM

Struggling AMD outlines corporate strategy in all-day session (from Corporate Dealmaker)

Advanced Micro Devices Inc., the second-largest global supplier of microprocessors, is trying to bounce back amid slumping demand in a weak economy and stiff competition from industry giant Intel Corp. And on Thursday, financial analysts will get a chance to scrutinize AMD's major restructuring and its corporate strategy at...

Posted on November 13, 2008 9:41 AM

AMD splits, gets billions from Middle Eastern investors (from Corporate Dealmaker)

Debt-ridden Advanced Micro Devices Inc., the second-largest global supplier of microprocessors, is spinning off its manufacturing business into a joint venture with Middle Eastern investors so it can focus on the business of designing microprocessors. The new manufacturing entity, the Foundry Co., will include a soon-to-be-built factory near Albany, N.Y.,...

Posted on October 7, 2008 10:24 AM