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Even though Intel Corp. does have concerns regarding the viability of cross-license agreement with Advanced Micro Devices in the light of the spinning off AMD’s fabs into the joint-venture with Advanced Technologies Investment Company (ATIC) called The Foundry Company (TFC), the world’s largest chipmaker denies any intentions to stop the creation of yet another contract maker of semiconductors.

Recently Intel sent AMD a letter, requesting a meeting on the current cross-licensing agreement between the two companies, reports InformationWeek web-site. While no claims were made, AMD said that such a letter was an attempt to bloc the foundation of the Foundry Company and a yet another attempt to undermine AMD’s abilities to compete against Intel.

"We believe that the letter is another attempt by our competitor to cause uncertainty as we approach our Asset Smart deal closing next month," AMD spokesman Drew Prairie said in an e-mail.

However, Intel claims that it has no plans to stop AMD’s Asset Smart attention or TFC.

“Intel has not and does not intend to block or any other way hinder the formation of the Foundry Co. What we are concerned about is the licensing rights. We certainly would be open to discussion and finding a way to resolve this,” an Intel spokesperson is reported to have said.

AMD will own approximately 34.2% and ATIC will own approximately 65.8% of TFC’s fully-converted common stock. Still, AMD and ATIC will each have equal voting rights at the close of the transaction.

The Foundry Company will commence operations with approximately 3000 employees who will transition into the new company from AMD facilities in Silicon Valley, New York, Dresden, and Austin. The new company’s principal headquarters will be in Silicon Valley and its research and development and manufacturing teams and ecosystems will be based in New York, Dresden, and Austin. After the upgrade and expansion in Dresden and the build-out of the New York facility, The Foundry Company envisions expanding its global manufacturing footprint over time, if commercially justified, to also include new fabrication facilities in Abu Dhabi.

Tags: , Intel, AMD, Asset smart, TFC

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