AMD Shareholders ok Processor Manufacturing Spinoff

mike2h · Feb 18, 2009, 09:50 PM

After failing to reach quorum earlier this month, Advanced Micro Devices' shareholders approved the deal that will spin off the company’s chip manufacturing facilities into a new business called “The Foundry Company.” The deal, which involves investors from Abu Dhabi, looks to make AMD more competitive against Intel in the x86 processor market. The deal to create The Foundry Company is now expected to close March 2, according to AMD.
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Source: Eweek

Feb 18, 2009, 09:50 PM	#1
mike2h DriverHeaven Extreme Member Join Date: Nov 2002 Location: norcal Posts: 6,483 Rep Power: 89 System Specs	AMD Shareholders ok Processor Manufacturing Spinoff After failing to reach quorum earlier this month, Advanced Micro Devices' shareholders approved the deal that will spin off the company’s chip manufacturing facilities into a new business called “The Foundry Company.” The deal, which involves investors from Abu Dhabi, looks to make AMD more competitive against Intel in the x86 processor market. The deal to create The Foundry Company is now expected to close March 2, according to AMD. ____________ Source: Eweek __________________ Last edited by MIG-31; Feb 19, 2009 at 08:31 AM.