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AMD to reduce purchases from GlobalFoundries

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Advanced Micro Devices will be cutting back on its purchases of computer chips from GlobalFoundries, which has a new, $7 billion plant in Malta. The two companies have renegotiated a supply contract that runs through 2014, and AMD will be paying a $320 million fee to GlobalFoundries because of its reduced purchases in the last quarter of 2012, AMD officials announced. The change is due to market dynamics, officials said, referring to slow personal computer ...

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December 8, 2012
6:20 p.m.

[ Flag Post ]

And so-It begins!