AMD to sell communications unit for $375m

Advanced Micro Devices on Monday said it would sell 90 percent of its communications products unit to technology buyout firm Francisco Partners for about $375m (£251m) in cash

AMD, the chief rival to Intel in the computer semiconductor market, said in a statement it would retain a 10 percent stake in the unit and will have a warrant to buy about another 10 percent.

AMD also will provide certain services to the new company under a multi-year contract, it said.

The unit produces integrated circuits for telecommunications and Internet access applications. Its 1999 revenues were $168m and first-quarter 2000 revenues were $59.5m.

Based in Austin, Texas, it has about 160 employees.

What do you think? Tell the Mailroom. And read what others have said.


You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All