Analyst says AMD may soon announce spin-off of fabs
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Advanced Micro Devices Inc. may announce the spin-off of its manufacturing operations within two weeks, according to a report released today by a Wall Street securities analyst.
John Lau with Jefferies & Co. Inc. wrote in an investment note that his checks with computer industry sources indicate that AMD could announce its reorganization plan in two weeks. Lau reported Wednesday that AMDs two chip factories in Dresden, Germany may be spun off into a separate company that makes chips for AMD and other customers. Lau also wrote that a Middle East investment group may acquire a large position in the new foundry and fund its purchase with cash.
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