English
AMD recasts foundry deal to save cash
Peter Clarke, EETimes
12/7/2012 12:45 PM EST
LONDON – Struggling processor vendor Advanced Micro Devices Inc. said it has renegotiated its wafer supply agreement with foundry partner Globalfoundries Inc., moving on to fixed-price wafer deal to reduce its costs during the fourth quarter and into 2013.
Under terms of the deal, AMD (Sunnyvale, Calif.) will be liable for a "take-or-pay" termination fee of $320 million, but Globalfoundries (Milpitas, Calif.) has agreed to accept a promissory note for more than half the amount.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
|
||||||
Related News
- GlobalFoundries Announces Extension of AMD Wafer Supply Agreement to Guarantee Supply
- AMD Amends Wafer Supply Agreement with GLOBALFOUNDRIES
- AMD Amends Wafer Supply Agreement With GLOBALFOUNDRIES
- Driven by Accelerating Demand for Leading 5G RF Solutions, GLOBALFOUNDRIES and Soitec Announce RF-SOI Wafer Supply Agreement
- GlobalFoundries and GM Announce Long-Term Direct Supply Agreement for U.S. Production of Semiconductor Chips
Breaking News
- Arm loses out in Qualcomm court case, wants a re-trial
- Jury is out in the Arm vs Qualcomm trial
- Ceva Seeks To Exploit Synergies in Portfolio with Nano NPU
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition
- Alphawave Semi Scales UCIe™ to 64 Gbps Enabling >20 Tbps/mm Bandwidth Density for Die-to-Die Chiplet Connectivity