Abu Dhabi holds 8.1% stake in AMD following $622M investment
The Abu Dhabi government’s wholly-owned investment and development subsidiary Mubadala Development Co. has invested $622 million in Sunnyvale, Calif.-based microprocessor maker Advanced Micro Devices (AMD).
Headquartered in Abu Dhabi, the capital of the United Arab Emirates, Mubadala is receiving 49 million newly-issued shares at a price per share of $12.70, the closing price of AMD common stock on November 15, for its non-controlling, minority investment.
AMD stated Mubadala will not receive any board representation as part of the deal and that the transaction does not present a controlling investment or acquisition subject to review by the Committee on Foreign Investment in the U.S.
