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AMD and IBM extend chip-making collaboration agreement
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Posted on Wednesday, September 22 2004 @ 23:57:33 CEST by Thomas De Maesschalck |
IBM and Advanced Micro Devices have tacked a three-year extension onto their December 2002 collaboration agreement that could see the two companies work on chip-making technologies based on a 32-nanometer process. The agreement was set to expire at the end of 2005, but now extends until December 31, 2008.
Under the revised agreement, dated September 15 and included in documents filed with the U.S. Securities and Exchange Commission, AMD will pay IBM between $250 million and $280 million over the next four years. In exchange, IBM will continue to host the research and development work at its East Fishkill, New York, facility.
"It's a sign that our relationship with IBM is going very well and this has benefitted both companies," said Karen Prairie, an AMD spokeswoman.
More info at Pc World
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