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OCAU News |
AMD + ATI: It's official!
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Monday, 24-July-2006 19:51:01 (GMT +10) - by Agg
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Forget the rumours, AMD now have a Press Release explaining how they're joining forces with ATI to create "a processing powerhouse". More info here, although there doesn't seem to be any info on ATI's site as yet.
NEW YORK -- July 24, 2006 --AMD (NYSE: AMD) and ATI (TSX: ATY, NASDAQ: ATYT) today announced plans to join forces in a transaction valued at approximately $5.4 billion. The combination will create a processing powerhouse by bringing AMD’s technology leadership in microprocessors together with ATI’s strengths in graphics, chipsets and consumer electronics. The result: A new and more formidable company, determined to drive growth, innovation and choice for its customers, particularly in the commercial and mobile computing segments and in the rapidly-growing consumer electronics market. Combining technologies, people, and complementary strengths, AMD plans to deliver in 2007 customer-centric platforms for the benefit of customers who want to collaborate in the development of differentiated solutions.
There's discussion in this thread in our AMD Hardware forum.
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