[Reuters] AMD spins off plants into venture with Abu Dhabi

Posted by: UGN Security

[Reuters] AMD spins off plants into venture with Abu Dhabi - 10/07/08 06:45 AM

SAN FRANCISCO (Reuters) - U.S. chip maker Advanced Micro Devices Inc said it plans to spin off its manufacturing plants into a joint venture with Abu Dhabi to get a cash injection and shrink debt to better compete against larger rival Intel Corp.