Published in Processors
AMD running out of cash
Raises $1.8 billion
Chipmaker AMD has had to raise more than $1.8 billion or face running out of money by the end of the year.
The company, which is locked in a price cutting war with Intel, said the money will be used to pay off $500 million of a $2.5 billion loan it took out to buy graphics chip maker ATI Technologies in October.
Analysts are warning that the loan is a stop-gap measure likely to get the company through the year and will not solve the company's underlying financial problems.
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