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, 21 January 2010 11:31

ATIC wants Globalfoundries all for itself

Written by Fudzilla staff


Image

Files takeover application


Abu Dhabi
based Advanced Technology Investment Corporation has filed an application to take over AMD spinoff Globalfoundries. The application was filed with Germany's cartel office on January 12.

ATIC already owns a 65.8 stake in the company, but it is now seeking to buy out the rest. In a statement ATIC said the application was consistent with AMD's long term plans to become fab-less and was one of the key strategies in the creation of Globalfoundries.

According to Reuters, last week Globalfoundries CEO Doug Grose announced that AMD will reduce its stake in the foundry.

More here.

Fudzilla staff

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments