AMD secures $622 million
November 18, 2007
hasn’t exactly been on-top of their financial game since Intel decided to throw in the towel for them. Intel’s Core series took all of us by storm and AMD saw a drastic fall in market share.
Once AMD purchased ATI, their money problems looked like they were going to overtake the company and cause some chapter 11 filings.
However, it seems that an investment company based in the United Arab Emirates believes their is still potential with AMD. Mubadala has purchased a 8.1% share in AMD for $622-million. Good news or Bad news for AMD — Only time will tell.
The Good news in our opinion is that AMD will stay kicking for some time. Consumers need competition between Intel and another company or we will be at the mercy of Intel’s share holders.
aizen Design
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