Wednesday, November 28th 2012
AMD Plans to Sell and Lease-Back its Austin Campus
In an effort to raise cash in crunch-time, AMD plans to sell its Austin Texas campus (aka "Lone Star Campus") for around $150M to $200M. The company would then lease the campus back for 12 to 15 years. The 58-acre campus was built for at a cost of an estimated $270 million, and opened in 2008. Company spokesman Drew Prairie, in a statement to Reuters said "There are favorable economic conditions in the part of Austin where the campus is located," adding "Contingent on finding an investor who wants to do a multiyear lease-back, it's a good opportunity for us to unlock the value of the real estate to fund operations."
Sources:
Reuters, The Verge
33 Comments on AMD Plans to Sell and Lease-Back its Austin Campus
I work with people who don't care as long as they can get on the internet.
And with the rise of tablets and smart phones less and less people are using PC's.
And next could be followed by TSMC : www.techpowerup.com/175987/TSMC-Looking-to-Build-Fabs-in-the-US.html
...or are you implying that everyone should give to the homeless?
It was a joke , did you miss my sarcastic smilies at the end?
Don't you people have any sense of humor anymore?
/glad lemonadesoda didn't need a roadmap to find the humour