Globalfoundries buys out AMD to become fully independent chip maker
Globalfoundries has celebrated its third anniversary by announcing that it’s agreed terms with AMD to buy out its remaining stake in the company to go it alone. Whilst Sunnyvale will remain a key customer to the chip foundry, the nuts and bolts of ownership will be wholly in the hands of ATIC. The company now provides a big chunk of AMD’s 32nm wafers and is now kicking off a $3 billion spending plan to kit out its facilities in Singapore, Germany and New York. It looks like the single life will allow it to spend equal time and effort refining those 20nm ARM chips promised for 2013 as well as its new partnership with IBM.
Article source: http://www.engadget.com/2012/03/05/globalfoundries-buys-out-amd/