AMD have sent word out today that the acquisition of ATI has finally reached completion, a bold move which cost them approx. $5.4 billion. The press release also sheds light on some BIG plans for the near future, in particular the unveiling of their "Fusion" Initiative.
To further enforce the effects of this acquisition, take a look at ATIs website now. Gonna take a bit of getting used to eh?
SUNNYVALE, CALIF. -- October 25, 2006 --AMD (NYSE:AMD) today announced the completion of its approximately $5.4 billion acquisition of ATI Technologies Inc. Combining the complementary strengths of the two technology leaders, the new AMD opens for business as a processing powerhouse committed to driving innovation, choice and growth in the technology industry. With approximately 15,000 employees, the company merges AMD's technology leadership in microprocessors together with ATI's leadership in graphics, chipsets and consumer electronics.
"Today marks a historic day for our employees, our partners and our customers as we officially welcome ATI into the AMD family," said AMD Chairman and CEO Hector Ruiz. "On day one, we are delivering a winning set of complementary technologies, igniting a new level of innovation and continuing to champion choice for the industry. Thanks to the strength of our talented employees, the new AMD now has a full range of intellectual property (IP) in microprocessors, graphics, chipsets and consumer electronics to deliver open platforms and integrated solutions. In the near term, customers gain a new level of choice, and in the long term, we believe the possibilities for innovation are truly limitless."