AMD sheds stake in GlobalFoundries

AMD sheds stake in GlobalFoundries

Summary: AMD has changed its partnership with the semiconductor manufacturer, ditching its financial stake and renegotiating wafer prices

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TOPICS: Processors
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AMD has revamped its partnership with GlobalFoundries, the semiconductor fabrication operation that spun out of the chipmaker in 2009.

As part of the deal, AMD will no longer have an equity stake in GlobalFoundries. The move is the latest by new chief executive Rory Read to refocus AMD.

Last week, the company bought SeaMicro in an effort to enter the low-power cloud server market.

Under the new deal with GlobalFoundries, AMD renegotiated its wafer pricing. In 2012, AMD will buy wafers under a "take or pay" arrangement.

For more on this ZDNet UK-selected story, see AMD ditches stake in Globalfoundries on ZDNet.com.


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Topic: Processors

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