Has AMD sold a piece of its Dresden fab?

Posted on Wednesday, Aug 15 2007 @ 17:03 CEST by Thomas De Maesschalck
FUD Zilla claims AMD has closed a deal to sell a piece of its fab in Dresden:
AMD desperately needs cash and by selling the old nanotechnology equipment it can raise between 300 to 500 million dollars.

The same sources have implied that the deal for selling between 300 to 500 million dollars has already been made with a buyer that wants to remain unknown but we know that it comes from east. We also know that the buyer is not TSMC. We also know that AMD sold some of its old equipment that it doesn't need any more.

AMD needs the cash to return the Morgan Stanley debt and as the company needs it for its operations. This is really tough year for AMD, the toughest in years.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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