AMD Closes "Asset Smart" Transaction – Fulfills Vision to Create Two Leadership Compa - RSG Clan

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03-03-2009, 03:31 PM

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AMD Closes "Asset Smart" Transaction – Fulfills Vision to Create Two Leadership Compa

AMD (NYSE: AMD) today announced it has closed its Asset Smart strategic transaction with the Advanced Technology Investment Company (ATIC) and Mubadala Development Company of Abu Dhabi, setting the stage for the formal launch of the world’s only U.S.-headquartered semiconductor foundry, temporarily called “The Foundry Company.” The Foundry Company is expected to formally launch and disclose its new name and visual identity later this week.

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