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AMD +1.3% AH after announcing it has amended its chip wafer purchase deal with Globalfoundries...

AMD +1.3% AH after announcing it has amended its chip wafer purchase deal with Globalfoundries to reflect its slumping volumes. AMD says it will now buy $115M worth of wafers from its former chip foundry spinoff in Q4 and $1.15B in 2013, and will make a $320M termination payment related to the move. AMD will also cut its payments to Globalfoundries for certain R&D expenses. The chipmaker says these moves will help it return to positive free cash flow in 2H13.
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  • theo6
    , contributor
    Comments (2) | Send Message
     
    Once again I state: buy long and double by March 2013
    7 Dec 2012, 03:37 AM Reply Like
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