AMD Buys ATi For $5.4 Billion Posted on Monday, July 24, 2006 @ 14:02:08 AST
Topic: AMD
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AMD and ATI today
announced plans to join forces in a
transaction valued at approximately $5.4 billion. The combination will create a
processing powerhouse by bringing AMD’s technology leadership in microprocessors
together with ATI’s strengths in graphics, chipsets and consumer electronics.
The result: A new and more formidable company, determined to drive growth,
innovation and choice for its customers, particularly in the commercial and
mobile computing segments and in the rapidly-growing consumer electronics
market. Combining technologies, people, and complementary strengths, AMD plans
to deliver in 2007 customer-centric platforms for the benefit of customers who
want to collaborate in the development of differentiated solutions. |
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