AMD to spin off manufacturing division

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Advanced Micro Devices (AMD) will announce, on Wednesday, a long-expected restructuring that would see AMD being split into two companies: one for designing chips, and one that will manufacture the chips; according to the Wall Street Journal.

AMD has said that it will make a “significant corporate announcement” and will hold a conference call that will be hosted by the CEO Dirk Meyer. The new venture is expected to take over the AMD facilities, including large plans in Germany, after taking funding from investment groups linked with the Abu Dhabi government.

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