AMD and Nantong Fujitsu Microelectronics Co., Ltd to Establish Industry-Leading Semiconductor Assembly and Test Joint Venture
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Go back to AMD and Nantong Fujitsu Microelectronics Co., Ltd to Establish Industry-Leading Semiconductor Assembly and Test Joint Venture
October 16, 2015 7:08 AM EDT
Mizuho Securities reiterated a Neutral rating and $2.00 price target on AMD (NASDAQ: AMD) following the company's 3Q15 earnings results. AMD reported 3Q15 Rev/EPS at $1.1B/($0.19), with a better topline versus consensus of $996M/($0.12). The company expects Enterprise to be significantly down next... More
October 15, 2015 4:17 PM EDT
Advanced Micro Devices (NASDAQ: AMD) and Nantong Fujitsu Microelectronics Co., Ltd announced the signing of a definitive agreement to create a joint venture combining AMD's high-volume assembly, test, mark, and pack (ATMP) facilities and experienced workforce in Penang, Malaysia and Suzhou, China with NFME's established outsourced semiconductor assembly and test (OSAT) expertise. Upon close, the new business will leverage the capabilities of 5 facilities and approximately 5,800 employees to offer differentiated ATMP capabilities and scale to service a broad range of customers. The transaction is expected to close in the first half of 2016, pending successful completion... More
