AMD, Advanced technology investment company (ATIC) and Mubadala development company declared about some corrections in the agreements, signed on 6 October about semiconductor production by the foundry company. It is expected that the operations, provided by this agreement, will be completed at the beginning of 2009.
Additions to agreement conditions between AMD and Mubadala consist in the following:
Mubadala will purchase 58 million usual AMD actions on the reviewed price.
AMD will release for Mubadala additionally 5 millions of obligations to purchase AMD actions , after bringing their total quantity to 35 millions.
Additions to agreement conditions between AMD and ATIC say:
The cost of active memberships production , transferred TO AMD in favor Of the foundry company, will be reduced by changing the coefficient, used with the conversion of residual balance cost (the first cost of active membership minus the accumulated amortization) from 1,13x to 0,85x. As a result, AMD will manage approximately 34,2%, and ATIC approximately 65,8% of unprivileged actions for the foundry company.
As earlier, ATIC invests 2,1 billion dollars. in the purchase of foundry company actions portion . From them 1,4 billion will be invested directly in the new enterprise, and 0,7 billion will be reached by AMD. Related Products :
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