Wednesday, July 18, 2007
The European Commission has approved about $360 million in aids to Advanced Micro Devices in support of its investment in wafer fabs in Dresden, Germany.
The German authorities intend to grant the aid to AMD (Sunnyvale, Calif.) for the conversion and extension of its existing microprocessor wafer fabs in Dresden. The Commission found that the support package, part of US$3.0 billion) investment in Dresden by AMD, would not distort the market or provide one region with an unfair advantage over another region.
By: DocMemory
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