AMD

Advanced MicroDevices announced a new strategy in their business.

After a year in the works, Advanced Micro Devices Inc. has obtained an investment of up to $8.4 billion from the Abu Dhabi government and separately plans to split the company into two parts, according to reports. As part of the long-awaited and expected plan—which impacts 3,000 jobs —AMD will spin off its manufacturing operations into a new foundry company that could compete against Taiwan Semiconductor Manufacturing Co., United Microelectronics Corp., and possibly, one of its partners in Chartered Semiconductor. So, in effect, AMD will essentially become a fabless design house.

This is quite indicative of what is happening in the semiconductor industry today.