AMD COMPLETES ATI ACQUISITION AND CREATES PROCESSING POWERHOUSE
Subject: General Tech | October 25, 2006 - 11:57 AM | Jeremy Hellstrom
SUNNYVALE, CALIF. - Oct. 25, 2006 - AMD (NYSE:AMD) today announced the
completion of its approximately $5.4 billion acquisition of ATI
Technologies Inc. Combining the complementary strengths of the two
technology leaders, the new AMD opens for business as a processing
powerhouse committed to driving innovation, choice and growth in the
technology industry. With approximately 15,000 employees, the company
merges AMD's technology leadership in microprocessors together with
ATI's leadership in graphics, chipsets and consumer electronics.
"Today marks a historic day for our employees, our partners and our
customers as we officially welcome ATI into the AMD family," said AMD
Chairman and CEO Hector Ruiz. "On day one, we are delivering a winning
set of complementary technologies, igniting a new level of innovation
and continuing to champion choice for the industry. Thanks to the
strength of our talented employees, the new AMD now has a full range of
intellectual property (IP) in microprocessors, graphics, chipsets and
consumer electronics to deliver
open platforms and integrated solutions. In the near term, customers
gain a new level of choice, and in the long term, we believe the
possibilities for innovation are truly limitless."
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