Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 19 July 2007 09:46

AMD wanted to sell Dresden

Written by Fuad Abazovic

Image

Investors said no


AMD is in real cash crisis probably the worst one in the history of the company. It is not the acquisition of ATI that caused it, it is because its Barcelona is heavily delayed and that the average selling price of CPUs really went to toilet and Intel has clearly better product on market for almost a year now.

AMD even consider selling its Dresden FAB, at least part of it if not both of them to TSMC and the Taiwanese chip semiconductor manufacturer was interested but the investors said the big no to such a deal.

If AMD would sell Dresden than it would not have any property that could be sold in case that company goes down and AMD is already billions in debts as we speak. So no assets means that company value is really questionable and Morgan Stanley and some other financial houses who helped AMD to find the money to buy ATI in the first place vetoed such a deal.

So Dresden stays in AMD's hands but we will listen carefully what ATI has to say about its Q2 profits later today as we already stated here that AMD is about to lose a lot of money.

Read also

AMD to lose more than expected, 540 to $570 million

AMD lost a lot of Motorola mobile orders

 




 

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments