Tag archive: Abu Dhabi

For three days last week, police in Dubai and Abu Dhabi were scratching their heads in confusion, perplexed by the fact that they were receiving far fewer calls to traffic accidents than usual. Then on Thursday the accident rate returned to normal. It was then that the police made the connection. The improvement in driving could, they believed, be attributed to the BlackBerry service outage which affected millions of phone users around the… Read More

Historically, there has been little love lost between chipmakers Intel and AMD, with the companies famously locked in battle over antitrust allegations and, of course, in a perpetual marketing war over whose processors offer more bang for the buck. Now AMD's recent move to spin off its manufacturing plants into the new company GlobalFoundries has raised Intel's ire, with Intel claiming AMD is violating a patent cross-licensing… Read More

Last October, chipmaker AMD announced a bold move: to keep its costs under control, the company would go fabless, spinning off its factories in a partnership with Abu Dhabi into The Foundry Company. The spinoff would, naturally, make chips for AMD, but also take on manufacturing tasks for other companies. Meanwhile, AMD could focus on design—and would gain some financial stability from the deal. Although the process has taken longer… Read More

Back in 2006, heads turned when chipmaker Advanced Micro Devices plunked down about $5.4 billion to acquire graphics developer ATI…but things haven't quite worked out like AMD planned. A year ago, AMD was forced to write down some $1.7 billion of the “goodwill” value of ATI—essentially, admit it overpaid for the business—and back in July AMD wrote off another $880 million, citing ATI's… Read More

Federal prosecutors in Massachusetts have charged 33-year-old Biswamohan Pani with stealing more than $1 billion in trade secrets from chipmaker Intel. And while we imagine the circumstances could be more convoluted, the reality is complicated enough. According to the indictment, earlier this year Pani was working for Intel and gave notice that he planned to leave his job, eating through accumulated vacation time while seeking a job at a… Read More

Chipmaker AMD has announced it plans to spin off its manufacturing plants into a new joint venture with Abu Dhabi, in a more to increase cash liquidity, pay down its debt…and better compete with rival chipmaker Intel. The new operation will be named The Foundry Company—at least for the time being—and will manufacturer components not only for AMD, but for a variety of fabless semiconductor companies around the world.… Read More