AMD to split up this morning
REMEBER WHEN WE said AMD was going to split into a fab company and design company? Word has it that it will be announced in a few hours, likely before the opening bell tomorrow.
The story is basically what we first told you about in March, Arab, likely Abu Dhabi money will finance the split. The overview is remarkably simple, there will be two companies, basically a foundry and a design house. The deal is greased by billions of dollars, the number we hear is more than one, less than ten, all from bartered SUV go juice.
The OOo Impress version is quite simple, but the deal is likely shatteringly complex, which explains the year plus gestation, and why it took six months after we heard it was basically done. There are a lot of bits to tie up, and a lot of moneyed and politically connected asses to kiss. Better phrase that as egos to stroke while placating fears.
