Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 11 February 2009 10:47

AMD fails to get support for spin-off deal

Written by

Image

Stockholders abstain from vote, will try again next week

 

Chipmaker AMD was unable to push through its spin off plan, as it didn't get enough support from its stockholders.

The deal was voted on during a stockholder meeting yesterday, and although 97 percent of present stockholders voted in favour, they made up for only 42 percent of AMD's shares. This wasn't enough to reach as quorum, so AMD will have to put the proposed deal under vote again.

AMD will try to push the deal through again on February 18th. Under the deal the spin-off, unimaginatevly dubbed Foundry Co., would take over AMD's production assets, and AMD would hold a 34 percent stake in it, while the rest would be owned by an Abu Dhabi government investment group.

AMD has plenty of time to get the needed support for the spin off deal, as New York State's offer to subsidize its new plant in Malta, NY, to the tune of 1.2 billion, expires in June.

Also read:


AMD submits plans for its New York fab 

Last modified on Wednesday, 11 February 2009 11:34

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments