SAN JOSE, Calif. -- Shares in Advanced Micro Devices Inc. (AMD) have climbed amid reports that the company will split itself into two parts, including the spin-off of its fab operations.
AMD (Sunnyvale, Calif.) also filed a new antitrust suit against rival Intel Corp., according to reports. The filing is part of the company's 2005 antitrust suit against Intel, the reports said.
Meanwhile, for some time, AMD has talked about a new fab-lite strategy, but it has failed to provide any details. But according to reports from Reuters, AMD could spin-off its manufacturing arm. AMD, in turn, would keep its design group.
"What's been bandied about is the asset-light part which could be the partial separation of AMD's design and manufacturing arms," said CRT Capital Group analyst Ashok Kumar, told Reuters. "On the manufacturing side, they would likely partner with Chartered, but maintain a 51 percent ownership of any such venture."
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