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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

Steve Dougherty | Jul 24, 2006 at 05:42 am CDT (0 mins, 46 secs reading time)

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.


Last updated: Dec 4, 2019 at 01:47 pm CST

Steve Dougherty

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