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AMD Stockholders Approve New Semiconductor Manufacturing Company

Discussion in 'News' started by malware, Feb 18, 2009.

  1. malware New Member

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    AMD today announced that its stockholders approved a proposal to issue common stock and warrants to an affiliate of Mubadala Development Company PJSC, paving the way for AMD and the Advanced Technology Investment Company of Abu Dhabi to create "The Foundry Company".
    With the stockholder approval received today, all closing conditions for the creation of "The Foundry Company" manufacturing joint venture have been met, and the transaction is expected to close by March 2, 2009.
    AMD stockholders approved a proposal to issue 58 million shares of the company's common stock and warrants to purchase 35 million shares of its common stock and 35 million shares of the company's common stock upon exercise of those warrants to an affiliate of the Mubadala Development Company PJSC, on the terms described in the proxy statement related to the Special Meeting of Stockholders that was held today in Austin, Texas.

    About The Foundry Company
    The Foundry Company will be a U.S.-headquartered, leading-edge semiconductor manufacturing company created to address growing demand for independent, leading-edge foundry production capabilities. The Foundry Company will serve this need by combining advanced process technology, industry-leading manufacturing facilities and aggressive plans to scale capacity. The cornerstone of production for The Foundry Company will be industry-leading manufacturing facilities in Dresden, Germany with future plans to expand that campus as well as build a state-of-the art facility in Saratoga County, New York. Upon closing, The Foundry Company will have its principal headquarters in Silicon Valley; and its research and development and manufacturing leadership teams and ecosystems in New York, Dresden, and Austin.

    For more information on The Foundry Company, visit http://www.newglobalfoundry.com

    Source: AMD
     
  2. cdawall where the hell are my stars

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    i'm just happy to see an american company :D
     
  3. PCpraiser100 New Member

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    Yes! This is great for all of US and Canadian enthusiasts. Hurray to Made in USA!
     
  4. W1zzard

    W1zzard Administrator Staff Member

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    you guys realize that abu dhabi is not in the us nor canada, right ?
     
  5. cdawall where the hell are my stars

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    yes but there will be facilities built in the new york
     
  6. phanbuey

    phanbuey

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    Austin already has a facility and a campus...
     
  7. Swansen New Member

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    no kidding, off topic, but i was just thinking today about things made in the US. There is/was this fluorescent light above our kitchen sink, literally lasted like 20 years (not like 24/7) Anyways, HOW MANY THINGS LAST THAT LONG ANYMORE?? seriously, with everything being made in China, we have just become accustomed to out things dieing in a couple years.... sad...
     
  8. LittleLizard

    LittleLizard

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    why they cant choose a decent name?¿?. "The foundry" :shadedshu
     
  9. DrPepper

    DrPepper The Doctor is in the house

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    Our oven lasted 6 years and died a few days ago and was made in germany I believe. Just because some things are made in china doesn't mean they don't last as long as anywhere else.

    Also what a boring name ... the foundry company
     
  10. Swansen New Member

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    Wait ??? no one knew about this prior to now? there was a crap ton of news about this when it was first started, and it was called the foundry company, i didn't realize it wasn't official at the time. I like the name, considering what they do, and what they are, which is a semiconductor, so "the foundry" company is very fitting. The problem with chinese things is that they are almost always reverse engineered, and poorly so, then they are made by people who could care less about their name, and finally, there is NO quality control.
     
  11. kiriakost

    kiriakost New Member

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    Looks that you have long time to buy a product ....

    Wake up , China has take our pants in everything about manufacturing , all you computers are made in China .

    Chinese people are nice , are polite , are hard working , and they are proud about it.
     
  12. Error 404

    Error 404

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    Back in the days of the 2/3/486, there was a company called Chips that made silicon chips.
    :)
     
  13. hat

    hat Enthusiast

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    you mean PC Chips? They're still around today, they make generic motherboards
     
    Crunching for Team TPU

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