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Joined: 11 May 2006
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 Posted: Tue Mar 06, 2012 9:00 am Post subject: GlobalFoundries Granted Independence, Acquires Remaining St |
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When AMD originally spun off its foundry business in 2008, the resulting Foundry Company (as it was called back then) was 55.6% ATIC owned and 44.4% AMD owned. Since then the Foundry Company has been rebranded Global Foundries and has been on a march towards independence. Plans for additional fabs and the acquisition of Chartered Semiconductor both strengthened GF as a player in the foundry space. A closer relationship with ARM and its partners has also been a key element of GF's strategy.</p>
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AMD has been divesting itself from Global Foundries over the past few years and today announced that it has aquired the remaining shares of the company from AMD (approximately 14% of the company). Global Foundries is now completely independent of AMD, and AMD is now a regular partner/customer of GF's.</p>
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Source: AnandTech
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