AMD shareholders approve spinoff

19 February 2009

Advanced Micro Devices, the world's second-largest computer chip maker, has announced that its stockholders have approved a manufacturing joint venture with investment from Abu Dhabi. AMD said the approval from shareholders will lead to the creation of the venture, to be known as The Foundry Company, between AMD and the Advanced Technology Investment Co. (ATIC) of Abu Dhabi. ATIC is a technology investment company owned by the government of Abu Dhabi while Mubadala Development Co. is a joint stock company whose sole shareholder is the Abu Dhabi government.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.