07.10.2008 - Abu Dhabi government to invest $8.4 bln in AMD
From Bloomberg: Advanced Micro Devices Inc., the computer-chip maker struggling to compete with Intel Corp., plans to spin off its manufacturing plants as part of an $8.4 billion investment from the Abu Dhabi government. Abu Dhabi will pay AMD $700 million for a stake in a new company that will own two plants in Germany and build another in New York. The new company, which will assume $1.2 billion of AMD's debt, will receive as much as $6 billion from Abu Dhabi to expand the factories and get $1.4 billion in operating capital. Abu Dhabi will also pay $314 million to double its stake in AMD to 19 percent, AMD said yesterday..... Full Article: Source