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AMD Recognises Millions

AMD Recognises Millions

Regulatory filing reveals gain for AMD for spinning off the GLOBALFOUNDRIES fabrication plants.

The $325 USD million gain is recognised under regulatory procedure for the deconsolidation of AMD and GLOBALFOUNDRIES which EETimes claims occured on Wednesday 7th April 2010.

ATIC own the majority stake in GLOBALFOUNDRIES and it is expected will buy the remaining shares from AMD to make it independent from AMD on the board level. GLOBALFOUNDRIES has fabrication plants planned for New York, US and owns recently bought Chartered Semi for $3.9 US billion.

ATIC is owned by the Government of Abu Dhabi.

Source: EETimes

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Stuart Davidson

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