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AMD Splits, Launches The Foundry Company

AMD

Published on 07 October 2008 08:16 AM EDT
Written by Michael Larabel in AMD
8 Comments

Since Advanced Micro Devices acquired ATI Technologies back in 2006 they have experienced some financial hardship over this $5 billion USD purchase. In hopes of turning around this situation, AMD has announced this morning they have split themselves from their manufacturing facilities as part of their Asset Smart strategy.

AMD combined with Advanced Technology Investment Company, an investment firm from Abu Dhabi, supplying the capital they have formed The Foundry Company. The Foundry Company will be in control of AMD's manufacturing facilities and they'll continue to expand them through further enriching their Dresden facility along with building a campus in New York. Additionally, they're looking at building a R&D facility in Abu Dhabi.

AMD will be the leading client of The Foundry Company, but they'll also offer their semiconductor build services to other companies. The Foundry Company is also an IBM alliance partner. All of the news about this move to improve their financial outlook can be found on AMD's website.

About The Author
Michael Larabel is the principal author of Phoronix.com and founded the web-site in 2004 with a focus on enriching the Linux hardware experience and being the largest web-site devoted to Linux hardware reviews, particularly for products relevant to Linux gamers and enthusiasts but also commonly reviewing servers/workstations and embedded Linux devices. Michael has written more than 10,000 articles covering the state of Linux hardware support, Linux performance, graphics hardware drivers, and other topics. Michael is also the lead developer of the Phoronix Test Suite, Phoromatic, and OpenBenchmarking.org automated testing software. He can be followed via and or contacted via .
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