The Foundry Company: New Joint Venture founded by AMD and ATIC

The new company will produce chips for AMD but not exclusively. Both AMD works in Dresden, Germany, Fab 36 and Fab 38, will be part of the Joint Venture. Another factory will be set up in New York. The overall value of the enterprise will be $5 billion. Both AMD and ATIC will have the same voting rights, while ATIC will have 55.6 percent of the shares.