Committee on Foreign Investment in the United States (CFIUS) Clears Path for Creation - RSG Clan

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01-07-2009, 09:30 AM

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Committee on Foreign Investment in the United States (CFIUS) Clears Path for Creation

AMD (NYSE: AMD) and the Advanced Technology Investment Company (ATIC) announced today that they had obtained clearance from the Committee on Foreign Investment in the United States ("CFIUS") regarding the creation of The Foundry Company, their leading-edge semiconductor manufacturing joint venture. CFIUS also has determined that the proposed additional investment in AMD by Mubadala is not a covered transaction subject to CFIUS review.

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