AMD and ATI to Create Processing Powerhouse
$5.4 Billion Acquisition Will Drive Growth, Innovation and Choice -
AMD will acquire all of the outstanding common shares of ATI for a combination of $4.2 billion in cash and 57 million shares of AMD common stock,
I listened to the Press conference this morning and everybody was upbeat and positive about the synergies and prospects for the new combined AMD -ATI. The strategy is for growth and creating value said Hector Ruiz the CEO of AMD.
I've met Dr. Ruiz several times, he's he’s an extremely personable guy who's done an amazing job taking AMD from a niche to a major player in the semiconductor business.
This is a great day for ATI and AMD- -Hector Ruiz, We will now be stronger in total system solutions.
ATI manufactures Graphics processors and chip sets, their chip sets have also been used on the Intel platform and they hope to retain Intel’s business.
We all know the value of every company is it’s workforce, I’m assuming that ATI has some incredible engineering talent, but no names have been discussed.
Now it’s up to the shareholders to approve this merger/acquisition and for the Teams to optimize their manufacturing strategy, the best thing that can be said is that now more then ever AMD is in control of their destiny.