6 result(s) displayed (1 - 6 of 6):

Another corp exec out amid Galleon fallout (from Corporate Dealmaker)

Former Advanced Micro Devices Inc. (NYSE:AMD) chief executive Hector Ruiz hasn't been formally charged in the Galleon Management LLC insider trading scandal, but his alleged role has led to an abrupt departure from his present job. Ruiz was until Monday nonvoting board chairman of Globalfoundries, the semiconductor manufacturing business that...

Posted on November 3, 2009 12:11 PM

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

Streamlining AMD sells handheld assets to Qualcomm (from Corporate Dealmaker)

Advanced Micro Devices Inc. is selling certain graphics and multimedia technology assets -- "formerly the basis of its handheld business" -- to Qualcomm Inc. for $65 million in cash. Struggling AMD is narrowing its focus to PCs and graphics. The company sold its digital TV business to Broadcom Corp....

Posted on January 20, 2009 11:28 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

Shakeup at AMD as ATI deal looks worse and worse (from Corporate Dealmaker)

Advanced Micro Devices Inc. named president and COO Dirk Meyer as chief executive. Meyer succeeds Hector Ruiz, who will become executive chairman of AMD and chair of the board. The announcement came late Thursday, about an hour after the chipmaker reported wider-than-expected losses...

Posted on July 18, 2008 10:45 AM

Integration trips up AMD (from Corporate Dealmaker)

In 2006, Advanced Micro Devices Inc. made a power play against chipmaker Intel Corp., with its cash-heavy $5.6 billion acquisition of graphics chip maker ATI Technologies Inc. Now, it seems, efforts to integrate the company's largest-ever acquisition, by about $4.8 billion, are at least partially responsible for weighing it...

Posted on April 8, 2008 4:59 PM