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AMD Appoints Ahmed Yahia Al Idrissi to Board of Directors

Discussion in 'News' started by btarunr, Nov 8, 2012.

  1. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    AMD (NYSE: AMD) announced today that Ahmed Yahia Al Idrissi has been appointed to the company's board of directors as a second representative of Mubadala Development Company. Yahia currently serves as executive director of Mubadala Industry, where he is responsible for Mubadala's growing industrial portfolio, including metals, mining, utilities, and advanced materials and products. Prior to joining Mubadala, Yahia was a partner at McKinsey & Company where he co-led the firm's Principal Investor practice. He was also the managing partner of McKinsey's Abu Dhabi practice.

    "Ahmed's years of success at McKinsey, his responsibilities as part of the senior executive management team at Mubadala and his extensive experience with a number of different boards make him an excellent addition to AMD's board of directors," said Bruce Claflin, AMD's chairman of the board.

    Yahia holds a number of board positions, including Emirates Aluminum, Guinea Alumina Corporation, National District Cooling Company (Tabreed), SMN Power Holding Company SAOG, SMN Barka Power Company, Al Rusail Power Company, and Jiangsu Suyadi Tancai Company. He holds Masters of Science degrees from the Massachusetts Institute of Technology (MIT) in Mechanical Engineering/Product Strategy and an engineer's degree from Ecole Centrale Paris. While at MIT, he received the J.William Fulbright Foreign Scholarship Board award for academic excellence.
  2. RCoon

    RCoon Forum Gypsy

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    So basically he's rich and probably offered a great deal, financially if nothing else, to the company. Welcome to the board of directors!
  3. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    AMD has been running on Abu Dhabi taxpayers' money for years now. It's just that the masters want a more personal oversight.
  4. natr0n

    natr0n

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    Your verbiage has quite a bit of arrogance.
    Dj-ElectriC says thanks.
  5. sergionography

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    abu dhabi is actually a tax free country.
    no sales tax, no income tax
    Last edited: Nov 8, 2012
  6. hardcore_gamer

    hardcore_gamer

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    Abu Dhabi is not actually a country. It is an emirate of the UAE.
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  7. seronx

    seronx

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    So, starts the buyout for AMD to join ranks with ATIC.
  8. Prima.Vera

    Prima.Vera

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    Just bring on the Petrodollars! ;)
  9. phanbuey

    phanbuey

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    Hell yeah. Save AMD with oil money! Much better investment then bullet proof, gold plated Landrover.
  10. HumanSmoke

    HumanSmoke

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    Waiting for AMD to come full circle...to become a division of Globalfoundries. From owning fabs, to being owned by fabs.

    BTW: Abu Dhabi already have a presence on the AMD board in Waleed Al Muhairi

    One step closer...
  11. seronx

    seronx

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    AMD isn't going to be owned by GlobalFoundries. AMD is going to owned by the Mubadala Development Company which in turns also owns the Advanced Technology Investment Company which owns GlobalFoundries.

    Mubadala -> AMD & ATIC
    ATIC -> GlobalFoundries

    The foundry and the company must stay apart for the whole to survive.
  12. NutZInTheHead

    NutZInTheHead New Member

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    In other words, the capital city of UAE ;)
  13. Supercrit

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    Will AMD be renamed to Arab Micro Devices?:laugh:
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  14. HumanSmoke

    HumanSmoke

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    Maybe I should have used sarcasm tags
    Another Mubadala Division ?
  15. seronx

    seronx

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    Nope. They will retain the AMD* name.

    Advanced Micro Devices.

    As of now there are three nations fighting for AMD:
    United States(Government Bailout)
    South Korea(Samsung purchases AMD and retains GlobalFoundries contracts)
    United Arab Emirates(Falls under Mubadala and ATIC, Abu Dhabi)

    ^--- these will only happen if AMD actually goes into debt/bankruptcy which there is no sigh of.
    Last edited: Nov 9, 2012
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  16. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    ATIC doesn't own AMD, it's heavily invested in it. The moment another (wealthier) company buys out AMD, it loses its x86 license. So that big IBM/Samsung buyout of AMD is a fantasy.
    Chevalr1c says thanks.

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