AMD spins off fabs, gains $8.4B from Abu Dhabi

The wait is finally over. After a year in the works, Advanced Micro Devices Inc. (AMD) has obtained an investment of up to $8.4 billion from the Abu Dhabi government and separately plans to split the company into two parts, according to reports.

As part of the long-awaited and expected plan--which impacts 3,000 jobs--AMD (Sunnyvale, Calif.) will spin off its manufacturing operations into a new foundry company that could compete against TSMC, UMC, and possibly, one of its partners in Chartered. So, in effect, AMD will essentially become a fabless design house.

	AMD to Spin Off Manufacturing Operations	TheStreet.com	Tue Oct 7	0
	Fabless future: Struggling AMD spins off factories	Associated Press	Tue Oct 7	0