Advanced Micro Devices has had to settle for less in its spin-off of its manufacturing business.
Just two months after it announced Abu Dhabi investors would take an increased share in the company and enable it to create “The Foundry Company”, AMD announced on Monday that the terms of the agreement had been amended.
The rapid economic deterioration is being blamed but, more to the point, AMD’s share price has fallen more than 50 per cent since the deal was announced on October 7. Read more


Richard Waters
Chris Nuttall
Maija Palmer
Robin Kwong
Tim Bradshaw