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AMD gets US approval to spin off fabs

Posted on Wednesday, January 07 2009 @ 16:21:00 CET by

The U.S. government has given AMD the green light to spin off its manufacturing operations in a joint-venture with Abu Dhabi's state-owned investment firm Advanced Technology Investment Company (ATIC):
The Committee on Foreign Investment in the United States (CFIUS), part of the U.S. Treasury Department, gave the green light to AMD and the Advanced Technology Investment Company (ATIC) to create The Foundry Company, the manufacturing operations that AMD spun off back in October.

Source CNET



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