AMD recently announced the delivery of shares of the business of manufacturing to GlobalFoundries. Rumored that the processor giant has poured funds amounting to USD425 million.
GlobalFoundries Inc. is the company's third largest independent semiconductor foundry engaged in the business of manufacturing and fabrication of modern electronic devices are located in California. Previously GlobalFoundries is AMD's manufacturing business unit and has now established its own to produce processors.
As reported by CRN, Wednesday (07/03/2012), AMD released the funds to avoid the exclusivity arrangements which restrict the production of the processor. With the partnership, AMD will benefit in increased chip shipments besutannya.
"Today marks the beginning of a new era for GlobalFoundries as a smelting company (foundry) that is completely independent" said Ajit Manocha, CEO of GlobalFoundries.
While this is a new arrangement, both AMD and GlobalFoundries will continue to partner together for the production of chips in the future.
"GlobalFoundries has a clear vision to be the partner of the leading semiconductor foundries for AMD, and one of the world's top companies. We continue to execute our strategy to encourage long term investment ATIC (Advanced Technology Investment Company) to the correct value creation for shareholders and customers. "he explained.
Meanwhile, GlobalFoundries says shipments of AMD 32-nm increased by more than 80 percent from the third quarter to fourth quarter and claimed the only foundry business that sends hundreds of thousands of 32-nm High K Metal Gate wafers in 2011.
Last month, the company also announced plans to invest $ 3 billion to expand its facilities in Singapore, Germany and New York, along with a new partnership with IBM.
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