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AMD will announce the split today

AMD has posted a message on its official website that the company is ready to make an “important corporate statement”. According to sources, we are talking about AMD plans to reduce costs by spinning off production in a joint venture.

The joint venture, which will produce chips for AMD and other customers, will have AMD manufacturing facilities located in Germany. Funding for the venture will come from investment vehicles linked to the government of the United Arab Emirates, according to The Wall Street Journal, citing knowledgeable sources. Investors will deposit funds and take on part of AMD’s debt.

One of the alleged investors, Mubadala Development, already owns 8% of AMD. The total value of assets falling under the jurisdiction of the joint venture, according to experts, is close to 5 billion. Doll.

Many companies that develop semiconductor microcircuits do not have their own production and rely on third-party, contract manufacturers for this matter. The new venture to be formed by a spin-off from AMD will join the ranks of such manufacturers.

Technologically AMD is closely related to IBM. IBM Expected to Continue Development Cooperation on New Process Technology with Joint Venture.

Sources: The Wall Street Journal, TheStreet.com

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