Feeds

US rubberstamps AMD manufacturing spin-off

CFIUS OKs AMD-ATIC TFC

Internet Security Threat Report 2014

AMD's Abu Dhabi-funded manufacturing spin-off has been rubberstamped by the US Treasury Department.

On Tuesday, the Committee on Foreign Investment in the United States (CFIUS) gave the go-ahead to The Foundry Company, a semiconductor manufacturing joint venture cooked up by AMD and an investment arm of the Abu Dhabi government.

According to statement from AMD and Abu Dhabi's Advanced Technology Investment Company (ATIC), the CFIUS has also said that a proposed investment in AMD by the Mubadala Development Company - a public joint stock company headquartered in Abu Dhabi, the capital of the United Arab Emirates - does not require its approval.

AMD first announced its manufacturing spin-off in October, and in December, after its shares continued to nose dive, the struggling chipmaker agreed to a smaller stake in the joint venture. AMD will now own 34.2 per cent of The Foundry Company (down from the original 44.4 per cent) and ATIC will control 65.8 per cent.

Both companies, however, will maintain equal voting rights.

The Foundry Company will run a refurbished fab in Dresden Germany and build a new one in Saratoga County, New York. ®

Intelligent flash storage arrays

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.