Tech content trusted by users in North America and around the world
7,026 Reviews & Articles | 50,094 News Posts
Weekly Giveaway: Win a ZOTAC SONIX PCIe 480GB SSD (Global Entry!)

AMD and ATI to Create Processing Powerhouse

AMD and ATI to Create Processing Powerhouse news post from TweakTown's online news computing and technology content pages
| Posted: Jul 24, 2006 10:42 am

THE DEAL IS SEALED! AMD are in fact acquiring ATI for $5.4 Bill. This press announcement on AMD's website appeared just a short time ago.

 

Update: Stacks more info relative to the acquisition can also be found at this section of AMD's website folks.

 


NEW YORK -- July 24, 2006 --AMD (NYSE: AMD) and ATI (TSX: ATY, NASDAQ: ATYT) today announced plans to join forces in a transaction valued at approximately $5.4 billion. The combination will create a processing powerhouse by bringing AMD's technology leadership in microprocessors together with ATI's strengths in graphics, chipsets and consumer electronics. The result: A new and more formidable company, determined to drive growth, innovation and choice for its customers, particularly in the commercial and mobile computing segments and in the rapidly-growing consumer electronics market. Combining technologies, people, and complementary strengths, AMD plans to deliver in 2007 customer-centric platforms for the benefit of customers who want to collaborate in the development of differentiated solutions.

 

Got an opinion on this news? Post a comment below!
loading