Breaking News

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S Power Your World with DJI's New Portable Power Station Power 2000 G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

GLOBALFOUNDRIES Marks Third Anniversary by Achieving Full 
Independence

GLOBALFOUNDRIES Marks Third Anniversary by Achieving Full Independence

PC components Mar 5,2012 0

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.

Tags: GLOBALFOUNDRIES
Previous Post
AMD Completes Radeon HD 7800 Series With New HD 7870 and HD 7850 Models
Next Post
Rambus Loses Patent Case At ITC

Related Posts

  • Globalfoundries Offers Post-Fab Turnkey Services As 5G Arrives

  • Everspin Technologies and GLOBALFOUNDRIES Extend MRAM Joint Development Agreement to 12nm

  • GLOBALFOUNDRIES Delivers Production-ready eMRAM on 22FDX Platform for IoT and Automotive Applications

  • GLOBALFOUNDRIES and SiFive to Deliver HBM2E Memory on 12LP Platform

  • GLOBALFOUNDRIES and TSMC Announce Resolution of Global Disputes

  • GLOBALFOUNDRIES Acquires Smartcom’s PDK Engineering Team

  • TSMC Files Complaints Against GlobalFoundries in U.S., Germany and Singapore

  • GLOBALFOUNDRIES Introduces 12LP+ FinFET Solution

Latest News

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup
Cooling Systems

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup

Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S
PC components

Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S

Power Your World with DJI's New Portable Power Station Power 2000
Consumer Electronics

Power Your World with DJI's New Portable Power Station Power 2000

G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard
PC components

G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard

JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion
Smartphones

JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Noctua NH-D15 G2

Noctua NH-D15 G2

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed