AMD to spin off factories in bid to save money

October 7, 2008

(AP) -- In a move to dramatically cut costs and better compete with Intel Corp., chip maker Advanced Micro Devices Inc. said Tuesday it will spin off its factories into a new joint venture with investors in the Persian Gulf state of Abu Dhabi.

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gopher65 - Oct 07, 2008
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I think this will be a good move.
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