Thursday, August 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New 6.3-inch Samsung Galaxy Note 8 Comes With Dual Camera, Enhanced S Pen
GPU Shipments Increased from Previous Quarter
LG to Establish Factory for Electric Vehicle Components in the U.S.
Microsoft Unveils Project Brainwave for Real-time AI
Panasonic Touts 1TB Optical Disc For Storing Cold Data
Google to Detail Titan Security Chip for Cloud Services
Toshiba Puts Weight in Talks With Western Digital on Chips Business Sale
Micron Expands its NVDIMM-N Portfolio
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 > GLOBALF...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, March 05, 2012
GLOBALFOUNDRIES Marks Third Anniversary by Achieving Full Independence


GLOBALFOUNDRIES today announced it has agreed to terms with AMD to acquire the remaining stake in GLOBALFOUNDRIES, becoming an independent foundry company.

GlobalFoundries aquired the remaining shares of the company from AMD, becoming completely independent of AMD.

The agreement, part of an amendment to the commercial Wafer Supply Agreement (WSA) with AMD, positions GLOBALFOUNDRIES as a pure-play semiconductor foundry company with AMD as one of its primary and strategic customers. GLOBALFOUNDRIES will now be wholly owned by the Advanced Technology Investment Company (ATIC).

The new deal will no longer require AMD to make its chips exclusively at Global Foundries. AMD will make a payment of $425 million to GlobalFoundries to waive off the exclusivity deal, incurring a related charge of $703 million in the first-quarter.

The companies also signed a new supply agreement, which waives certain quarterly payments that AMD was to make to GlobalFoundries this year as part of the 2012 wafer supply agreement.

AMD had seen production issues at GlobalFoundries affect output last year.

"Today marks the start of a new era for GLOBALFOUNDRIES as it becomes a truly independent foundry," said GLOBALFOUNDRIES CEO Ajit Manocha. "GLOBALFOUNDRIES has a clear vision to be the leading semiconductor foundry partner to AMD and one of the world's top technology companies. We continue to execute on our strategy to propel ATIC's long-term investment philosophy into true value creation for our shareholder and customers."

When AMD originally spun off its foundry business in 2008, the resulting Foundry Company was 55.6% ATIC owned and 44.4% AMD owned.

GLOBALFOUNDRIES has operations in Singapore, Germany and the United States, with three 300mm and five 200mm fabs. In January, the company announced plans for more than $3 billion in capital spending in 2012 to fund expansion of its facilities in Singapore, Germany and New York.

Also in January, the company announced that its newest 300mm manufacturing facility, Fab 8 in New York, started running the first silicon as part of a new customer agreement to develop chips for IBM.

The company also achieved several milestones in its longstanding partnership with ARM, including the first Cortex-A9 processor operating at more than 2.5GHz on 28nm high-performance technology, and the first 28nm ARM Cortex-A9 Processor Optimization Pack (POP) capable of up to 2GHz on a low-power process geared toward smartphones and other mobile application.


Previous
Next
AMD Completes Radeon HD 7800 Series With New HD 7870 and HD 7850 Models        All News        Rambus Loses Patent Case At ITC
LSI Extends Dual-Core MegaRAID Controller Lineup     PC Parts News      Kingston Digital Cuts Prices And Increases Capacity for Enterprise-Class USB Flash Solutions

Get RSS feed Easy Print E-Mail this Message

Related News
GLOBALFOUNDRIES Says New 7LP Technology Offers 40 Percent Performance Boost Over 14nm FinFET
GLOBALFOUNDRIES and Chengdu Invest in China-based FDX FD-SOI Design Centers
GLOBALFOUNDRIES Invests For Capacity Growth In The US, Germany, China and Singapore
KAIST Sues Samsung, Qualcomm And Globalfoundries Over FinFET Patent Infringement
TSMC, GlobalFoundries/Samsung To Present Their 7nm Platforms At IEDM
GLOBALFOUNDRIES Debuts 7nm FinFET Technology, Embedded MRAM
FD-SOI Could Emerge As A Cheaper Alternative To FinFET Processes
GLOBALFOUNDRIES Extends FDX Roadmap with 12nm FD-SOI Technology
AMD Enters New Wafer Supply Agreement With GLOBALFOUNDRIES
GLOBALFOUNDRIES Releases 130nm SiGe RF Technology For Wireless Network Communications
SUNY Poly and GLOBALFOUNDRIES Announce $500M Research ProgramTo Accelerate Chip Technology
GLOBALFOUNDRIES Launches High-Performance ASIC Offering on 14nm FinFET Process

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 .