GlobalFoundries Granted Independence, Acquires Remaining Stake from AMDby Anand Lal Shimpi on March 4, 2012 9:04 PM EST
When AMD originally spun off its foundry business in 2008, the resulting Foundry Company (as it was called back then) was 55.6% ATIC owned and 44.4% AMD owned. Since then the Foundry Company has been rebranded Global Foundries and has been on a march towards independence. Plans for additional fabs and the acquisition of Chartered Semiconductor both strengthened GF as a player in the foundry space. A closer relationship with ARM and its partners has also been a key element of GF's strategy.
AMD has been divesting itself from Global Foundries over the past few years and today announced that it has aquired the remaining shares of the company from AMD (approximately 14% of the company). Global Foundries is now completely independent of AMD, and AMD is now a regular partner/customer of GF's.