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...
GlobalFoundries sent over a PR showcasing two significant milestones in its march towards being a major foundry player in the mobile space. The first is the announcement of a...12 by Anand Lal Shimpi on 12/14/2011
AMD just announced revised revenue projections for Q3. Revenue is up compared to Q2 by 4 - 6%, but AMD had originally expected an increase of 10%. The reason...38 by Anand Lal Shimpi on 9/28/2011
Only a year has passed since AMD officially spun off its manufacturing division with the help of ATIC. The resulting GlobalFoundries have been busy getting its ducks in a...13 by Anand Lal Shimpi on 5/31/2010