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AMD and Advanced Technology Investment Creates New Leading-Edge Semiconductor Manufacturing Company
08 Oct 2008
AMD and the Advanced Technology Investment Company (ATIC) of Abu Dhabi announced the creation of a U.S. Headquartered, leading-edge semiconductor manufacturing company to address growing demand for independent, leading-edge foundry production capabilities.
The new global company, to be temporarily called “The Foundry Company”, will serve this need by combining advanced process technology, industry-leading manufacturing facilities and aggressive plans to expand its global capacity footprint.
AMD will contribute to The Foundry Company its manufacturing facilities, including two fabrication facilities in Dresden, Germany, as well as related assets and intellectual property rights.
ATIC has committed additional equity funding to The Foundry Company of a minimum of $3.6 billion and up to $6.0 billion over the next five years to fund the expansion of The Foundry Company’s chip-making capacity beyond the manufacturing facilities initially contributed by AMD.
Tags
amd, atic, semiconductor, semiconductor manufacturing, new global foundry, foundry
Visit http://newglobalfoundry.com/
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