Advanced Micro Devices is shedding its remaining manufacturing assets, giving up its stake in foundry company GlobalFoundries and setting the stage to fully focus on chip design.
AMD took initial steps to focus on chip design when it spun off its manufacturing operations to GlobalFoundries, which began operating in 2009. AMD is now divesting its stake of around 9 percent in GlobalFoundries and also paying US$425 million in cash over two fiscal years to the company as part of an amended chip supply agreement.
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