AMD to make "significant corporate announcement" tomorrow, possibly breaking up

Nilay Patel
N. Patel|10.07.08

Sponsored Links

Nilay Patel
October 7, 2008 2:47 AM
AMD to make "significant corporate announcement" tomorrow, possibly breaking up
AMD just issued a release saying that president and CEO Dirk Meyer will be making a "significant corporate announcement" tomorrow, which sounds ominously like those breakup rumors are coming true -- particularly since Dirk's on record saying that the chipmaker plans to spin off manufacturing and fabrication into a new company. We'll see in the morning -- anyone planning on throwing a blowout "last night of the old AMD" party in the meantime?

Update: The WSJ confirms it's a breakup -- but don't worry, they'll still be friends. [Thanks, aztalon]

Update 2: Official PR is here. How's "AMD and Advanced Technology Investment Company of Abu Dhabi to Create New Leading-Edge Semiconductor Manufacturing Company. Mubadala increases investment in financially-stronger AMD, which is simultaneously unlocking the value of its manufacturing assets" for an exciting title?
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Popular on Engadget