Monday, July 24, 2006
AMD & ATI Want to Merge: And a New Juggernaut Will Be Born
Posted by Jason Dunn in "NEWS" @ 11:00 AM
"On July 24, 2006, AMD and ATI announced a plan to join forces, in a transaction that will combine AMD’s technology leadership in microprocessors with ATI’s strengths in graphics, chipsets and consumer electronics. The result is a processing powerhouse: a new competitor, better equipped to drive growth, innovation and choice for its customers in commercial and mobile computing segments and in rapidly-growing consumer electronics segments. The transaction, valued at US $5.4 billion, is expected to close in Q4 2006 subject to approval by ATI shareholders, court approval, regulatory approvals and other customary closing conditions. Headquartered in Sunnyvale, California with centers of excellence around the world, the new company will have a combined workforce of approximately 14,900 employees."
Lots of rumours about this last week, and it looks like it's finally going to happen. I can't imagine ATI's shareholders not approving this, but the question is whether or not NVIDIA and Intel have anything to worry about from this. What do you think?
Lots of rumours about this last week, and it looks like it's finally going to happen. I can't imagine ATI's shareholders not approving this, but the question is whether or not NVIDIA and Intel have anything to worry about from this. What do you think?
