AMD Sells 8.1 Percent Stake to Abu Dhabi (Update)

November 16th, 2007

(AP) -- With oil prices surging and U.S. stock prices slumping, chip maker Advanced Micro Devices Inc.'s sale of an 8.1 percent stake to the Abu Dhabi government's investment arm represents the latest plunge by a wealthy Middle Eastern nation into a troubled U.S. corporation.

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