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Wednesday, 15 August 2007 11:06

AMD sold piece of Dresden FAB

Written by Fuad Abazovic

Image

The buyer from East


The sources close to tooling manufactures are whispering aroud that AMD already closed the deal with somebody at east and that DAMIT already sold a piece of the FAB in Dresden.

AMD desperately needs cash and by selling the old nanotechnology equipment it can raise between 300 to 500 million dollars.

The same sources have implied that the deal for selling between 300 to 500 million dollars has already been made with a buyer that wants to remain unknown but we know that it comes from east. We also know that the buyer is not TSMC. We also know that AMD sold some of its old
equipment that it doesn't need any more.

AMD needs the cash to return the Morgan Stanley debt and as the company needs it for its operations. This is really tough year for AMD, the toughest in years.

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