Struggling AMD Spins Off Its Fab Operations

摘要

Advanced micro Devices Inc.'s move to spin off its manufacturing operations generated praise from analysts and questions from Intel Corp. about whether it violates a cross-licensing agreement between the two companies. Sunnyvale, Calif.-based AMD last week announced it is spinning off its fabrication operations into a new firm, temporarily called The Foundry Co., to cut costs and gain an infusion of capital. Advanced Technology Investment Co. (ATIC), based in Abu Dhabi, United Arab Emirates, paid $2.1 billion for a majority stake in the new firm. Co-owner AMD will retain a 44.4% stake.