Abu Dhabi investment group buys $622M chunk of AMD

The investment arm of the Abu Dhabi government, Mubadala Development Co., has just ponied up $622M for an 8.1 percent stake in AMD. The deal, which just went through this morning, gives Mubadala 49 million shares of AMD, but doesn't come with a seat on the board or represent a controlling interest in AMD. For its part, AMD didn't give any specific plans for the cash, instead saying it'll be used for R&D, manufacturing improvements, and unspecified "innovations." Must be nice to be liked, eh?

[SteveMB @ Nov 16th 2007 5:18PM]

"has just ponied up $622M for and 8.1 percent stake in AMD." Is that correct?

[Penguin Warlord @ Nov 16th 2007 5:23PM]

Does anyone else feel like AMD is just a friendlier company in general than Intel. Not that Intel any better or worse but for some reason I just get this wierd feeling like the people at AMD are good people. The funny thing is I get the same feeling for Nvidia over ATI.

[Big Sam @ Nov 16th 2007 5:27PM]

That's hilarious considering ATI is part of AMD now.

[TheCow5 @ Nov 16th 2007 5:31PM]

I have the same feeling, I seem to think AMD is just the nice guy on the block and nVidia is the best, and I know ATI is owned my AMD.
I wish there stock would take off, I've been sitting on it for such a long time.

[Sean O @ Nov 16th 2007 6:34PM]

There's a great film from 2005 called "The Corporation". You should check it out. It shows how some people will attribute human attributes to gigantic corporations. Like "AMD is some nice guy on your block". It's incredibly ridiculous when you think about it.

[TheCow5 @ Nov 17th 2007 3:17AM]

I will have to check that video out Sean O.
its not that I don't like Intel but I just can't stop for liking AMD more.
With ATI its a bit diffrent, when I was in school I saved up all my money and purchase one of the best ATI Video cards for 149$ it was like one of the best then six months later it died and I contacted them but they simpley told me it was an OEM card they they can't or wont help me, I should contact the company I purchased it from and well I neve liked ATI again.

[Pro7 @ Nov 16th 2007 5:34PM]

Now they are called ARAB MICRO DEVICES.

[farfisa @ Nov 16th 2007 5:41PM]

I'm going to start calling hookers "unspecified innovations" too.

[peshue @ Nov 16th 2007 5:41PM]

Well that's great for AMD, they haven't been doing very well at all with the investors this year.

[ethana2 @ Nov 16th 2007 8:59PM]

We do need them to stick around. If they hadn't been there to get curb-stomped, well.. Intel wouldn't have been doing any curb-stomping, now, would they?

[IraqiGeek @ Nov 16th 2007 5:48PM]

About time. Middle east media has been reporting this all day long, though none of the channels seemed to know who AMD was.

[3rdsun @ Nov 16th 2007 5:55PM]

Part of that investment is setting up shop in Abu Dhabi.

AMD - Abu Muthafu***ing Dhubi

[JoshG @ Nov 16th 2007 5:59PM]

I didn't realize the Abu Dhabi government hated money so much.

[David @ Nov 16th 2007 6:10PM]

Mubadala are a sponsor/partner to the Ferrari F1 team as is AMD
I bet that's where they met and decided to get involved together

[lo-kii @ Nov 16th 2007 6:39PM]

by my estimation... that would AMD is worth over 7 TRILLION dollars.. i am a little skeptical. or am I an idiot?

[Jonathan Sundy @ Nov 16th 2007 6:45PM]

622,000,000 / .081 = 7,679,012,345 or $7.7B

You got a little carried away with your decimal point :)

[lo-kii @ Nov 16th 2007 6:53PM]

yup you're right i totally fudged that up. too much redbull at the end of a long day.

[mike @ Nov 16th 2007 6:57PM]

I like AMD and ATI more than intel and Nvidia. AMD is like google... its like a good friend..

[Crayola @ Nov 16th 2007 7:19PM]

Wow those Arabs luck out! First the oil, now microchips!

Last I check AMD is carrying $5 billion worth of debt.

[Arman @ Nov 16th 2007 7:32PM]

What is most interesting about this deal is the political undertones it carries seeing as Intel is heavily invested in Isreal and now the Arabs have a stake in AMD.

[Akshay Dodeja @ Nov 16th 2007 8:31PM]

It is very sad when $622 million can buy you 8% stake in AMD and $250 million can only get you 1.5% in a paperweight company like Facebook.

[melvz @ Nov 16th 2007 8:41PM]

Hector and his gang just received $600+ million to squander... expect them to loss these amount in a quarter or two...

[Pro7 @ Nov 16th 2007 9:05PM]

Hopefully they will build now a CPU that is stronger than the C2D. Intel is a bi?)h. I got my notebook 11 months ago, and it has a T7200 C2D 2.0. For the same amount of money, today, you can get a 8600M GT (I got the 7600), 20GB more of HDD, 1GB more of memory, but you can't get a much better cpu, precissly you can get a T7300 2.0 santa rosa. 11 months have passed, everything got better, but the cpu, almost remained the same. That's what happens when Intel has no competition.


www.masterplanthemovie.com

[melvz @ Nov 17th 2007 12:55AM]

continue wishing or dreaming... with the way AMD is being ran... they will continue to produce mediocre products...

[Kizorblade @ Nov 17th 2007 12:07PM]

I beg to differ. 3850 anyone?

[TObject @ Nov 17th 2007 12:42AM]

New DTA chip from AMD
http://paintfantasy.com/images/dtaamd.jpg

[Charles Han @ Nov 17th 2007 1:41AM]

man i feel for cow5 i been waiting for amd stocks to go up for a while too T_T, yea hopefully this will relaunch it, and I'm sure ati 3870 won't hurt either in its sales ^^

[tk2k @ Nov 17th 2007 1:18PM]

This is very dangerous... More and more hostal governments are buying into our technology. Let alone the fact that they now own a large percent of our economy is dangerous, but its incresed access to advanced technologies.

think of it, if they just pulled that money out of amd, the company would be in huge finantial troubles

[ahammad @ Nov 19th 2007 10:35AM]

You're a moron...you also can't spell hostile.

Furthermore, the Abu Dhabi (the capital of the UAE) government is actually very friendly, and far from hostile. I love how some of you think Middle East = OMG TERRORISTS...

[Ian @ Nov 17th 2007 2:20PM]

i wish someone would pay me $622M for a 8.1% controlling interest in me. now that would be kool

[N2N @ Nov 17th 2007 6:48PM]

FOX News is a joke1

They report that Apple is the one buying 8.% stake in AMD.

http://valleywag.com/tech/clips/fox-business-newss-apple+amd-flub-323889.php

[steve @ Nov 18th 2007 7:06PM]

Nermal strikes back!

[raolin @ Nov 26th 2007 1:23PM]

some more money for funding terrorism