Replies to post #68504 on Intel Corp (INTC)

[Elmer Phud]

Joey -

So Abu Dhabi wants to turn Dresden into a Foundry. Where are they going to get their customers?

[wbmw]

Re: Abu Dhabi will pay AMD $700 million for a stake in a new company that will own two plants in Germany and build a factory in New York. The new company, which will assume $1.2 billion of AMD's debt, will receive as much as $6 billion from Abu Dhabi to expand plants and get $1.4 billion in operating capital. Abu Dhabi will also pay $314 million to double its stake in AMD to 19 percent, AMD said today in an e-mailed statement.

Now it all makes sense. No wonder why AMD hasn't warned, yet.