AMD currently owns a chunk of GlobalFoundries and enjoys equal voting rights with Advanced Technology Investment Company, but that could soon change. As Reuters reports, ATIC has filed an application with Germany's Bundeskartellamt, or Federal Cartel Office, to take over GlobalFoundries entirely.
We tracked down a reference to the application on the Bundeskartellamt website, and indeed, even the automated Google translation leaves little to the imagination:
12.01.2010 B7-11/10 Company:
ATIC LLC, Abu Dhabi, acquisition of sole control over GLOBALFOUNDRIES (USA)
ATIC, which is owned by the government of Abu Dhabi in the United Arab Emirates, made no effort to downplay the move. Reuters quotes the firm as saying, "This action is simply consistent with the long-announced plan for AMD to gradually become fab-less, which was one of the key strategies behind the creation of Globalfoundries."
The creation of GlobalFoundries from AMD's former manufacturing arm left AMD with a 34.2% stake in the new entity. Since then, ATIC has merged GlobalFoundries with Singapore-based Chartered Semiconductor, and AMD has struck a new cross-licensing agreement with Intel. Thanks to that agreement, AMD can divest itself of GlobalFoundries entirely and have all of its x86 microprocessors made by third parties without running the risk of legal issues.
|Valve details plans for Steam storefront update||19|
|EVGA's liquid-cooled GTX 1070 Hybrid card goes up for pre-order||5|
|Google Play Store doors are now open for a few Chrome OS devices||5|
|Updated Roku range starts cheaper and gets HDR-ready||7|
|In Win's 509 full-tower case can swallow massive mobos||12|
|Friday Night Shortbread||27|
|Doom's latest update adds Deathmatch and private matches||16|
|Rumor: Google to showcase mesh networking router soon||11|
|SolidRun MicroSoM offers Braswell CPUs on a tiny package||19|