or atleast they are not saying officialy that they are.
http://www.theinquirer.net/gb/inquirer/news/2008/07/23/amd-confirms-fab-spinoff (check the update)
AMD Prepares to Spin Off Manufacturing Operations[07/22/2008 10:24 PM]
Dirk Meyer, the new chief executive officer of Advanced Micro Devices, said in an interview with a news-paper that the company would spin off its manufacturing operations in months time as a part of its asset smart strategy. This is the first confirmation of the expected action by AMD’s high-ranking executive.
Austin American Statesman news-paper quotes Mr. Meyer as saying that “the company is just months away from a major restructuring that will spin the manufacturing operations off into a separate company, with new ownership”. It remains to be seen whether there will be one or two owners of the “AMD Semiconductor” company or the parent chipmaker will just make initial public offering (IPO) and issues new shares.
“Hector said he will be the most disappointed man on Earth if it [spin off – X-bit labs] is not done by the end of the year, and I will be the second most disappointed. It certainly needs to happen to remove this cloud over our head relative to the financial viability of the company,” said Mr. Meyer.
Modern fab that makes chips using state-of-the-art process technologies costs several billions of dollars to build and costs hundreds of millions to operate. After spinning off the manufacturing operations, AMD will be able to concentrate solely on development of its central processing units, graphics processing units, chipsets and platforms.
But in-house developed process technologies allow developers of chips to more precisely “meet” their designs to manufacturing processes, which ultimately means higher performance and faster time-to-market.
Despite of the fact that AMD confirmed intention to virtually sell its fab in Germany, there are a lot more details that remain under wraps today and that should be revealed only in several months from now.
Enter your username and e-mail address. Password will be sent to you.
8:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD
12:22 pm | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions
9:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs
6:41 pm | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture
6:05 pm | Chinese Inspur to Sell Mission-Critical Servers with AMD Software, Power 8 Processors. IBM to Enter Chinese Big Data Market with the Help from Inspur