Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Chip Maker AMD Gets Emirate Cash

Abu Dhabi buys 8.1% stake in Intel rival for $622 million

By Laila Weir,  Newser User

Posted Nov 16, 2007 4:39 PM CST

(Newser) – The government of Abu Dhabi, through its investment arm, bought an 8.1% stake in Advanced Micro Devices for $622 million. It will receive 49 million newly-issued AMD shares, but won't get any board representation. The computer chip maker desperately needs the cash after a...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
There are no comments
A snapshot of the day's best news stories.
 

More Newser Stories

FTC Opens Antitrust Investigation of Intel

Piles of Evidence Delay Intel Antitrust Trial

Intel, Microsoft Fund Multicore Research

Intel Pushes 'Atom' Chips

Intel Makes Smaller, Cheaper Chip


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment