AMD said Tuesday that it will split off its manufacturing operations in a deal with the Advanced Technology Investment Company of Abu Dhabi. . . .Hmm . . . Expensive manufacturing operations like the one proposed for Luther Forest in Malta, NY near Saratoga? . . .the one we "lost"? Surely anything made in New York State would have to be expensive to support all our government spending.
When the dealing is done in early 2009, AMD will become a chip design firm and its former manufacturing operations will be lumped into an entity called “The Foundry Company,” a temporary name . . . AMD’s liquidity was hampered by expensive manufacturing operations.
AMD’s move to separate its manufacturing and design units–dubbed Asset Smart–has been on the drawing board for a while and details have been hard to come by.That may explain why, so long after Joe Bruno won the chip fab for his region, AMD has yet to commit to the deal in writing.
The Capital District Business Review has a more optimistic story.
Anyway, it will be interesting to see if the state's putting so many eggs in the high-tech basket will pay off. (And as for spinoffs? ..."Fuggeddaboudditt" . . .)