AMD executives signed agreements with the Chinese Ministry of Science and Technology (MOST) and Peking University to license AMD x86 microprocessor design technology that will enable the development of low-power CPUs.
AMD also announced the contribution of US$750,000 to support technology deployment for primary education in rural China and opened a new headquarters for AMD Greater China.
The licensing of core x86 AMD Geode processor technology to Peking University via collaboration with MOST will contribute to China's development of low-power and embedded x86 processor technology in the Greater China region. MOST will facilitate discussions between AMD and Chinese companies receiving access to x86 technology licenses. AMD will earn revenue from licensing the AMD Geode processor to commercial entities designated by Peking University and MOST.
Additionally, AMD will have access to intellectual property derived from the licensed technology and options to invest in businesses that emerge from development of AMD Geode processor-based technology in China.
AMD also formally opened its new Greater China Headquarters in the Zhongguancun Science Park.