dipity

Recent Event Highlights: AMD Names Chairman, Spins Off Foundry Company, AMD Closes Deal to Spin off Fabs, AMD shares drop as spin-off vote delayed, Fabless future: Struggling AMD spins off factories, AMD Pulls Out of Manufacturing in 'Asset Smart' Plan, AMD to spin off chip manufacturing operations, and 5 more...

Created by dipity on Dec 3, 2008

Last updated: 05/02/10 at 12:14 PM

• Mubadala Swings to Full-Year Profit
  Mar 22, 2010 2:33 AM

  Excerpt ...company Du, and Abu Dhabi property developer Aldar also increased during the year. The value of Mubadala's investment in AMD and GE rose by three billion dirhams in 2009, Mubadala finance director Moiz Chakkiwala told Zawya Dow Jones by telephone. Mubadala... Source Info Wall Street Journal
  http://online.wsj.com/article/SB10001424052748704117304575137153468260746.html?mod=WSJ_topics_obama

• Report: AMD's Hector Ruiz Was Moffat, Chiesi Tipster
  Oct 27, 2009 7:04 PM

  Excerpt ...its manufacturing assets and the formation of Globalfoundries with Mubadala on Oct. 7, 2008. Ruiz, who had resigned as CEO of AMD on July 18, 2008, was named chairman of the new Globalfoundries manufacturing entity, a position he still holds. Globalfoundries... Source Info Channel Web
  http://www.pheedcontent.com/click.phdo?i=30a280f948246e39b45c871de3565d78

• AMD Names Chairman, Spins Off Foundry Company
  Mar 3, 2009 11:41 AM

  Excerpt ...for spinning off its manufacturing business as a way to focus on faster, smaller chips to better compete with Intel. "AMD and Mubadala began negotiations related to their initial investment in 2007, prior to consummation of that investment in November 2007,"... Source Info Top Tech News
  http://www.toptechnews.com/story.xhtml?story_id=65050

• AMD Closes Deal to Spin off Fabs
  Mar 2, 2009 5:50 PM

  Excerpt ...has been a member of AMD's board of directors since 2003, AMD said. Ruiz will now be chairman of The Foundry Company's board. AMD also announced Mubadala CEO Waleed Al Mokarrab to its board of directors. AMD's shares were trading at US$2.02 in the after-hours... Source Info PC World
  http://feeds.pcworld.com/click.phdo?i=f2f85ee42d74500b097a84dc828945ce

• AMD divorces itself, loses the house
  Mar 2, 2009 8:45 AM

  Excerpt ...Company, while The Foundry Company assumes responsibility for the repayment of approximately $1.1 billion of associated AMD debt. Mubadala paid AMD approximately $125 million for 58 million newly issued AMD shares and warrants for 35 million additional shares.... Source Info Tom's Hardware Guide
  http://feedproxy.google.com/~r/tgdaily_all_sections/~3/PFJzx1Nu8lk/

• AMD shares drop as spin-off vote delayed
  Feb 10, 2009 10:30 AM

  Excerpt ...part of the complicated arrangement. AMD has agreed to sell 58 million shares to Mubadala, which would boost Mubadala's stake in AMD to more than 16 percent. Mubadala also will get warrants to buy 35 million more shares, which, if exercised, would give the... Source Info Boston Globe
  http://www.boston.com/business/technology/articles/2009/02/10/amd_shares_drop_as_spin_off_vote_delayed?rss_id=Boston+Globe+--+Technology+stories

• Mubadala to Buy John Buck Stake
  Dec 4, 2008 11:52 AM

  Excerpt ...it hasn't moved forward with those plans. Mubadala's chief executive Khaldoon Al Mubarak told reporters at the time of the AMD deal that leverage wasn't as attractive as it once was, but "that works OK for us." This copy is for your personal, non-commercial... Source Info Wall Street Journal
  http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7014/~3/CaPd66MVGG4/SB122841973073380199.html

• Fabless future: Struggling AMD spins off factories
  Oct 7, 2008 12:35 PM

  Excerpt ...of turning AMD around." AMD shares were up 49 cents, 12 percent, to $4.72 in afternoon trading Tuesday. AMD also announced that the Mubadala Development Co., an investment company whose sole shareholder is the government of Abu Dhabi, will pay $314 million... Source Info Fresno Bee
  http://www.fresnobee.com/state_wire/business/story/919855.html

• AMD Pulls Out of Manufacturing in 'Asset Smart' Plan
  Oct 7, 2008 8:34 AM

  Excerpt ...will give Mubadala a 19.3 percent stake in the company, if all of the warrants are exercised. Mubadala will also receive a seat on AMD's board. After AMD spins off its foundry business, AMD will employ a business model like Nvidia's, which has used foundries... Source Info PC Magazine
  http://www.pcmag.com/article2/0,2817,2331941,00.asp?kc=PCRSS03069TX1K0001121

• AMD to spin off chip manufacturing operations
  Oct 7, 2008 7:34 AM

  Excerpt ...AMD for its ownership stake in Foundry Co., with the joint venture also assuming $1.2 billion of AMD's debt. At the same time, Mubadala Development Co. will pay $314 million to AMD for 58 million newly issued shares and warrants to buy an additional 30 million ... Source Info Malaysia Sun
  http://story.malaysiasun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18424620/

• Asset smart? AMD moves manufacturing off its balance sheet; Bolsters capital
  Oct 7, 2008 4:42 AM

  Excerpt ...AMD’s liquidity improves. AMD unloads $1.2 billion in debt to The Foundry Company and gets the $314 million infusion from Mubadala. ATIC will pay AMD $700 million for its stake in The Foundry Company. The upshot AMD comes out of this with more than $1 billion... Source Info ZDNet
  http://feeds.feedburner.com/~r/ZDNetBlogs/~3/413736131/

• Moody's assigns Aa2 rating to Mubadala
  Sep 16, 2008 2:18 AM

  Excerpt ...a growing portfolio of international financial investments, which include small stakes in Ferrari, The Carlyle Group and AMD. Mubadala has also been granted by the Government substantial plots of real estate in Abu Dhabi for future development. 'Abu Dhabi... Source Info AME Info
  http://www.ameinfo.com/168849.html

• AMD could bite Intel with cash infusion
  Nov 17, 2007 4:19 PM

  Excerpt With Advanced Micro Devices on thin ice with severe pressure from chip rival Intel and four consecutive quarterly net losses, the cash infusion by an Abu Dhabi government investment arm could help the struggling chip maker remain competitive. Mubadala Source Info The Washington Post Related Topics
  http://www.washingtonpost.com/wp-dyn/content/article/2007/11/17/AR2007111701340.html?nav=rss_business/industries

• AMD Announces $622M Investment by Mubadala Development Company
  Nov 17, 2007 4:00 PM

  Excerpt ...shareholders," said AMD Chairman and CEO Hector Ruiz. Mubadala CEO and Managing Director Khaldoon Khalifa Al Mubarak said, "AMD is a great fit for Mubadala's investment approach - a spirited competitor and innovator led by a strong and visionary management... Source Info Taume Related Topics
  http://news.taume.com/World-Business/Business-Finance/AMD-Announces-USD622M-Investment-by-Mubadala-Development-Company-3439

• AMD wins $608mn cash infusion from Abu Dhabi's Mubadala
  Nov 17, 2007 3:06 AM

  Excerpt ... On their recent move, Mubadala’s Chief Executive and Managing Director, Khaldoon Khalifa al-Mubarak said, “AMD is a great fit for Mubadala’s investment approach,” further adding that “We see significant opportunities for long-term growth and value creation.” Advanced... Source Info The Money Times Related Topics
  http://feeds.feedburner.com/~r/TheMoneyTimes/~3/186213607/amd_wins_608mn_cash_infusion_from_abu_dhabis_mubadala-id-1013280.html

• AMD Announces $622M Investment by Mubadala Development Company
  Nov 17, 2007 12:36 AM

  Excerpt ...AMD Chairman and CEO Hector Ruiz. Mubadala CEO and Managing Director Khaldoon Khalifa Al Mubarak said, “AMD is a great fit for Mubadala's investment approach — a spirited competitor and innovator led by a strong and visionary management team. We see significant... Source Info Huliq.com Related Topics
  http://www.huliq.com/42194/amd-announces-622m-investment-mubadala-development-company