AMD gets US approval to spin off fabs

Posted on Wednesday, January 07 2009 @ 16:21 CET by Thomas De Maesschalck
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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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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