Update Tuesday 4:12 a.m. PDT: AMD has made the official announcement of the manufacturing spin-off.
On Tuesday, Advanced Micro Devices will announce a long-expected restructuring, according to sources familiar with the deal.
As expected, the No. 2 supplier of PC processors will split into two companies: one for designing chips, the other for manufacturing them. The capital-intensive business of manufacturing chips is weighing on AMD as it reels under a $5 billion debt load.
The investment is expected to allow AMD to remain directly involved in chip manufacturing--crucial for competing with Intel, which has used its manufacturing prowess … Read more