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AMD execs comment on split

by Scott Bicheno on 7 October 2008, 12:56

Tags: AMD (NYSE:AMD)

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Ruiz and other comments

"Working together allows us to combine ATIC's long-term vision and patient capital with our manufacturing leadership, innovation and highly-skilled workforce," said Ruiz (pictured). "Moreover, TFC's presence in Upstate New York alongside IBM and other research leaders will cement the region's position as one of the world's premier centres of nanotechnology development."

"Companies are eager for choice in the supply of leading-edge manufacturing capacity, and our new venture is answering that call," said Grose. "By combining operational excellence, leading-edge technology developed in collaboration with IBM, and an aggressive capacity roadmap, The Foundry Company aspires to drive the next round of innovation in this industry."

"We welcome The Foundry Company into the IBM alliance and are pleased to see the company investing in New York," said Dr. John E. Kelly III, senior VP and director of Research at IBM. "The Foundry Company's membership in the alliance brings new intellectual capital to our collaborative effort and continues to build on the momentum and leadership that the alliance has established in semiconductor technologies."

TFC's PR will be headed up by someone familiar to many European tech journalists. Jon Carvill has been running the European PR side of things for AMD for the past few months and has now headed back to the US to handle the press for this new venture.

Update - 15:45 7th October 2008: AMD's shares opened nearly 25 percent up on Monday's closing price of $4.23 at $5.26 and seem to be stabilising at around $5.



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