Monday, August 21, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel First 8th generation Processors Released
Pre-Orders Start for the Xbox One X Project Scorpio Edition
LG ProBeam UST and MiniBeam Projectors Light Up at IFA 2017
HTC Vive Reduces Price By $200
New Samsung Notebook 9 Laptop is Coming Next Month
Samsung to Launch 49-inch QLED Gaming Monitor at Gamescom 2017
YouTube TV expands to new markets
Facebook Tests News Stories Customized to Users' Interests
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > AMD Sto...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, February 19, 2009
AMD Stockholders Approve Abu Dhabi Investment


AMD announced Wednesday that its stockholders had approved a manufacturing joint venture with investment from Abu Dhabi.

AMD said in a statement that the approval is paving the way for AMD and the Advanced Technology Investment Company of Abu Dhabi to create "The Foundry Company". With the stockholder approval received today, all closing conditions for the creation of "The Foundry Company" manufacturing joint venture have been met, and the transaction is expected to close by March 2, 2009.

AMD stockholders approved a proposal to issue (i) 58 million shares of the company's common stock and warrants to purchase 35 million shares of its common stock and (ii) 35 million shares of the company's common stock upon exercise of those warrants to an affiliate of the Mubadala Development Company PJSC, on the terms described in the proxy statement related to the Special Meeting of Stockholders that was held today in Austin, Texas.

AMD, which has been falling behind market leader Intel , has said the move would result in one company that designs semiconductors and another which builds them. The Foundry Company will include manufacturing facilities in Dresden, Germany, with plans to expand that site as well as build a new facility in Saratoga County, New York. The new company will have its principal headquarters in Silicon Valley, and its research and development and manufacturing teams in New York, Dresden, and Austin.


Previous
Next
Sony to Close Main US PlayStation store        All News        Nvidia Responds To Intel Court Filing
OCZ Introduces Alchemy Illuminati Backlit Multimedia     PC Parts News      Nvidia Responds To Intel Court Filing

Get RSS feed Easy Print E-Mail this Message

Related News
AMD Radeon RX Vega Graphics Cards and Radeon Packs Available Now
AMD Launches the Ryzen Threadripper High End Desktop Processors
AMD's new Threadripper 1900X Costs $549
AMD's Radeon RX Vega 64 will cost $499, Radeon RX Vega 56 is $100 Cheaper
AMD Completes Ryzen Mainstream Desktop Lineup with the Affordable Ryzen 3 processors
GPUs and Ryzen Processors Help AMD's Financial Figures
AMD Tests Memory Overclocking On Ryzen Systems
AMD's 16-core Threadripper Arrives Next Month for $999
AMD Unveils AMD4U for Gamers and Content Creators with Square Enix and Adobe
AMD Launches the Ryzen Pro Processors For Business PCs
AMD Radeon Vega Frontier Edition Launches for $1,000
AMD Takes on Intel With Epyc Server SoCs For the Data Center

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .