2 result(s) displayed (1 - 2 of 2):

AMD revival plan hits snag with JV delay (from Corporate Dealmaker)

Debt-ridden Advanced Micro Devices Inc. came up short in soliciting enough stockholder votes to approve the spinoff of its manufacturing business into a joint venture with Middle Eastern investors. The deal would net AMD about $700 million from partner Advanced Technology Investment Co., which also assume about $1.2 billion of...

Posted on February 11, 2009 10:34 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