Monday, March 31, 2003
AMD is expected to announce a new company with Fujitsu to better coordicate in operations, sales and marketing under one combined sales force.
AMD and Fujitsu have already been partners for a decade, jointly developing flash memory chips. But they also had to compete against each other in Europe selling their jointly developed chips.
In the new venture, AMD is expected to own a 60 percent share to Fujitsu's 40 percent stake, according to industry sources.
In this venture, AMD would also have more control over its operations and investments in the flash business, and increased efficiencies as their separate operations are merged, analysts said.
Analysts noted that AMD has been preparing itself to split into two companies for many months, with much of the management of its core microprocessor business based in Austin and some of the key memory business executives based in Sunnyvale. AMD's manufacturing plant, Fab 25, in Austin, develops only memory chips, while processors are manufactured at its big plant in Dresden, Germany.
By: DocMemory
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