Wednesday, January 7th 2009
The Foundry Company Gets Nod from CFIUS
The Foundry Company (TFC), AMD's manufacturing division spun-off along with investment from the Advanced Technology Investment Company (ATIC) had to go through a series of negotiations to acquire clearence from the investors and the governments under whom AMD operates, to get the new company operational. It is a complicated process since it involes a lot of foreign investment.
A major milestone for TFC is the clearence it got from the Committee on Foreign Investment in the United States (CFIUS), a US Government body that studies the possible implications of foreign investment on national security. TFC will control all of AMD's manufacturing assets including upcoming facilities in the US. AMD officially becomes fab-less though TFC will have commitments towards serving AMD as its foundry partner. AMD will hold a 34.2% stake in TFC while 65.8% of it will be held by ATIC.
Source:
TFC New Global Foundry
A major milestone for TFC is the clearence it got from the Committee on Foreign Investment in the United States (CFIUS), a US Government body that studies the possible implications of foreign investment on national security. TFC will control all of AMD's manufacturing assets including upcoming facilities in the US. AMD officially becomes fab-less though TFC will have commitments towards serving AMD as its foundry partner. AMD will hold a 34.2% stake in TFC while 65.8% of it will be held by ATIC.
8 Comments on The Foundry Company Gets Nod from CFIUS
And the foundry rock-stone-pebble is spun-off and they only become technically fabless and in reality all stayed the same. And now some fissles about what-where-how they have to legalize their bastard child are not in reality any concern to the rest of us nor really transparent. Money changed hands and eu tax payers invested their capital just that some sheik could launder others tpm in damn, co.
HydraVision is ex.ATi TM