AMD is shedding its stake in GlobalFoundries, the semiconductor foundry that it spun off in 2009. Initially, AMD used GlobalFoundries as its sole manufacturer, but it has increasingly turned to other companies such as TSMC after GlobalFoundries struggled to build working chips on its 32nm process.
At GlobalFoundries’ creation, AMD held a 34.2 percent share. Since the spin-off, AMD has reduced that share, and now it is giving up its final 8.8 percent, leaving GlobalFoundries wholly owned by the United Arab Emirates government, via its Mubadala Development investment vehicle.
via ars technica
March 5, 2012
