We’ve been hearing the rumors for some time, that AMD was considering spinning off parts of itself in an attempt to streamline the company and cut costs. Despite their denials on the subject, it looks like the rumors were true. It was just announced that AMD will be parting out its manufacturing processes into a new company.
What is perhaps most interesting is that the new company will not be limited to making chips only for AMD but will instead be working for several companies in the areas of manufacturing and chip fabrication.
The Wall Street Journal (possible subscription required)