Russia wants piece of AMD's Dresden fab

Posted on Monday, Aug 20 2007 @ 19:54 CEST by Thomas De Maesschalck
FUD Zilla claims it's the Russian government who's behind the rumoured purchase of an old piece of AMD's fab in Dresden:
To our surprise it turns out that a Russian government gave the money and bought between 300 and $500 million of equipment. This is the part of Russian initiative to get its country more nanotechnology resources and god knows that they have the money.

The government gave away some 5 billion total as it wants to get some improvements in nanotechnology.

AMD is still not ready to announce this deal and we are sure that Federal Trade Commission as well as the European Union wont go easy on such a deal. If the trade commissions say yes, then a piece of old Dresden equipment will go to Russia.

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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