As expected, AMD announced the closing of its fab spin-off transaction earlier this afternoon. The company has finalized deals with ATIC and the Mubadala Development Company, and it says The Foundry Company will reveal its final name and logo later this week.
As a result of the transaction, AMD comments that its "cash position" has improved by roughly $825 million: ATIC paid $700 million for the manufacturing assets, and Mubadala coughed up $125 million for AMD stock (as well as warrants for additional shares). Oddly, even though AMD only ended up with a 34.2% stake in The Foundry Company, the press release says the fab firm "will be consolidated with AMD for purposes of financial reporting." (AMD does have equal voting rights with co-owner ATIC, though.)
As AMD points out, The Foundry Company is now "the world's only U.S.-headquartered semiconductor foundry." The fab firm is purportedly worth about $4.3 billion in total—that includes $1.8 billion worth of AMD assets, a $1.4 billion investment from ATIC, and $1.1 billion of debt passed on from AMD. The Foundry Company will start off manufacturing AMD processors based on silicon-on-insulator tech, but in 2010, it should start producing AMD GPUs (and potentially other chips) using a 32nm bulk silicon process.
|Gigabyte shows off a trio of GeForce GTX 1080 Tis||2|
|iOS 10.3 arrives with APFS support in tow||3|
|MakeVR and Vive Tracker get HTC Vive ready for work and play||1|
|Biostar X370GTN is the first Ryzen Mini-ITX motherboard||18|
|Intel gives hard drives a boost with Optane Memory||45|
|Starcraft Remastered constructs higher-fidelity pylons||37|
|Transcend steps into the NVMe arena with the MTE850 SSD||7|
|MSI GTX 1080 Ti Armor 11G is the first custom card on e-tail shelves||9|
|Gigabyte has two A320 boards for bread-and-butter Ryzen builds||34|
|Well, so much for Common Courtesy Day...||+33|