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AMD Amends Wafer Supply Agreement With GLOBALFOUNDRIES

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AMD today announced that it successfully amended its Wafer Supply Agreement (WSA) with GLOBALFOUNDRIES Inc.
The closure of amendment negotiations solidifies AMD's new operating model as communicated at the third quarter 2012 earnings announcement.

To better align with today's PC market dynamics, AMD and GLOBALFOUNDRIES agreed on purchase commitments for fourth quarter 2012 and established fixed pricing and other terms of the WSA which apply to products AMD will purchase from GLOBALFOUNDRIES through Dec. 31, 2013.

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#2
Nice! Lets see if they stick it to Nvidia like they did earlier this year lol
 
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#3
They are either really bad with cash, or they are preserving tax write offs for next year.
 
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#4
I think they are trying to manage costs efficiently.
 
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#5
Will glofo magically start to learn how to ramp up, too? :rolleyes: :roll:
 
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#6