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Tag Archive: Doug Grose

AMD Taps New Chairman, Spins Off GlobalFoundries with Hector Ruiz

AMD Taps New Chairman, Spins Off GlobalFoundries with Hector Ruiz

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.

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