AMD revises the agreement terms with Globalfoundries
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POSTER: computer news || AMD REVISES THE AGREEMENT TERMS WITH GLOBALFOUNDRIES |
DATE:2012-12-07 |
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Reporting on the results of the third quarter , AMD announced its intention to revise the terms of agreement with Globalfoundries. Yesterday AMD announced that it has managed to renegotiate agreements with Globalfoundries. The principle of take or pay, forcing AMD to part with money, with any number of defective items will not be applied in a relationship with Globalfoundries by the end of this quarter. It is true that such agreements will result in fines of $ 320 million, which AMD will pay in stages: $ 80 million by the end of this year, $ 40 million to the first of April 2013, the main part in the amount of $ 200 million to be paid before December 31, 2013 year. Under the new contract, in the current quarter AMD will buy from Globalfoundries silicon wafers in the amount of $ 115 million in 2013 fiscal year for these purposes will be spent $ 1.15 billion, the first quarter 2014 includes charges of $ 250 million for further terms. | ||
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AMD REVISES THE AGREEMENT TERMS WITH GLOBALFOUNDRIES |
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AMD revises the agreement terms with Globalfoundries (2012-12-07)
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