• On TV.com: New TV sex symbol: Vintage black PORSCHE
January 6, 2009 7:10 PM PST

AMD chipmaking spinoff gets OK from U.S.

by Brooke Crothers
  • Font size
  • Print
  • 4 comments

Advanced Micro Devices' manufacturing spinoff got an all-clear from the U.S. government on Tuesday.

The Committee on Foreign Investment in the United States (CFIUS), part of the U.S. Treasury Department, gave the green light to AMD and the Advanced Technology Investment Company (ATIC) to create The Foundry Company, the manufacturing operations that AMD spun off back in October.

CFIUS has also determined that "the proposed additional investment in AMD by Mubadala is not a covered transaction subject to CFIUS review," according to AMD.

ATIC will own 65.8 percent of The Foundry Company and AMD 34.2 percent, according to a revised statement from AMD in December.

ATIC is a technology investment company wholly owned by the Government of Abu Dhabi. The Foundry Company will be a U.S.-headquartered chip manufacturing company with manufacturing facilities in Dresden, Germany. Future plans call for manufacturing facilities in Saratoga County, New York.

Brooke Crothers has served as an editor at large at CNET News, an editor at Dow Jones' Asian Wall Street Journal Weekly, and a senior editor at InfoWorld. His CNET blog covers chip technology and computer systems, and how they define the computing experience. He also contributes to The New York Times' Bits and Technology sections. He is a member of the CNET Blog Network and is not an employee of CNET. Disclosure. Follow Brooke on Twitter @mbrookec.
Recent posts from Nanotech - The Circuits Blog
Major Intel chip upgrade coming to new Netbooks
Will the 'smartbook' be a better Netbook?
Firefox: Heat and the CPU usage problem
AMD upgraded as 'Fusion,' 16-core chip future looms
Dell's 'Mr. A' is a key figure in Intel defense
AMD unveils 'world's fastest' graphics card
Intel an investor in storage firm for Apple users
Chip designer ARM leads Android alliance
Add a Comment (Log in or register) (4 Comments)
  • prev
  • 1
  • next
by nicmart January 6, 2009 8:28 PM PST
In a free country a company does not need the permission of the government to conduct business.
Reply to this comment
by Logecy January 7, 2009 8:08 AM PST
I do so enjoy it when someone talks about the one of the virtues of a "free country" being the ability to conduct business without little things like permission (which falls under the oversight), when various governments are the only things keeping?literally?hundreds of companies in the US and abroad from bankruptcy.

By the way, selling heroin is also "business" to some, yet I suspect that you don't have an issue with the government intervening in that particular enterprise; even in a country as "free" as ours.
by Logecy January 7, 2009 8:12 AM PST
I love it when I hear people equate a "free country" with the ability to conduct business, which works until a company jumps the shark. Then it's the government's problem, right?
Reply to this comment
by gfsdfge January 7, 2009 9:59 AM PST
I live in Saratoga County NY. AMD came to NY and said it would open a plant. Our Politicians bribed them with a BILLION dollars of our tax money to build the plant. Now they say they'll only own a small percentage? I think this was a bait and switch. We should not give a Billion dollars to a company from Abu Dhabi. I wish the corperate press, like NBC, would junmp on this.
Reply to this comment
(4 Comments)
  • prev
  • 1
  • next
advertisement

The browser battles go on and on

roundup From Firefox to IE and from Chrome to Opera and Safari, there's no sitting still for browser makers looking to keep their products fresh and competitive.

3G wireless still holds promise

The next generation of 4G wireless may get all the headlines, but advanced 3G technology will likely dominate services for the next few years.

advertisement

About Nanotech - The Circuits Blog

Brooke Crothers has served as an editor at large at CNET News, an editor at Dow Jones' Asian Wall Street Journal Weekly, and a senior editor at InfoWorld. His CNET blog covers chip technology and computer systems, and how they define the computing experience. He also contributes to The New York Times' Bits and Technology sections. He is a member of the CNET Blog Network and is not an employee of CNET. Disclosure.

Add this feed to your online news reader

Nanotech - The Circuits Blog topics

advertisement
advertisement

Inside CNET News

Scroll Left Scroll Right