AMD (AMD) Enters Amended Wafer Supply Agreement with GLOBALFOUNDRIES; Sees $335M Charge
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AMD Announces Multi-Year Amendment to the Wafer Supply Agreement With GLOBALFOUNDRIES
August 31, 2016 4:15 PM EDTSUNNYVALE, CA -- (Marketwired) -- 08/31/16 -- AMD (NASDAQ: AMD)
Comprehensive 5-year amendment strengthens strategic partnership and provides AMD with flexibility in sourcing foundry services in 14nm and 7nm technology nodes Establishes a framework for technology collaboration between AMD and GF at the 7nm technology node AMD issues a warrant for common stock to Mubadala-owned companyAMD (NASDAQ: AMD) announced that it has entered into a long-term amendment... More
