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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.


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