Monday, March 5, 2012

Globalfoundries buys out AMD to become fully independent chip maker

Globalfoundries buys out AMD to become fully independent chip maker

Globalfoundries has celebrated its third anniversary by announcing that it's agreed terms with AMD to buy out its remaining stake in the company to go it alone. Whilst Sunnyvale will remain a key customer to the chip foundry, the nuts and bolts of ownership will be wholly in the hands of ATIC. The company now provides a big chunk of AMD's 32nm wafers and is now kicking off a $3 billion spending plan to kit out its facilities in Singapore, Germany and New York.

Engadget, Globalfoundries buys out AMD to become fully independent chip maker

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