AMD Factory Spinoff Now Operating as Globalfoundries
By
Globalfoundries, an Advanced Micro Devices spinoff, is working to stand out among the competition by focusing on a sophisticated manufacturing process. The company, which still is 35% owned by AMD, also has plans to build a $4.2 billion manufacturing complex in New York.
The spinning off of its manufacturing capacity with an immediate cash injection of $1.4bn from an investment arm of the Abu Dhabi government is aimed at giving AMD a fresh start as a fab-less chip designer and Globalfoundries a fighting chance of competing with other contract manufacturers.
Comments are closed.