In October 2008, AMD announced that it’d be ditching the actual fabrication of its chip technology, and will be spinning off its factories to an outside company.
At the time of the announcement, AMD CEO Dirk Meyer said in a statement that the decision to spin off chip making was about improving finances and creating a company with a tightened focus. The company hoped that rethinking the structure of the company will give AMD a second wind in competing against rival, Intel...
More here: TomsHardware
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