Digital Trends
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.
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.
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