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AMD to buy ATI

July 24th, 2006

AMD and ATI have announced plans to join forces (ie AMD has announced its intention to BUY ATI) in a deal valued at $5.4 billion.

The combination will create a processing powerhouse by bringing AMD’s technology leadership in microprocessors together with ATI’s strengths in graphics, chipsets and consumer electronics. The result: A new and more formidable company, determined to drive growth, innovation and choice for its customers, particularly in the commercial and mobile computing segments and in the rapidly-growing consumer electronics market. Combining technologies, people, and complementary strengths, AMD plans to deliver in 2007 customer-centric platforms for the benefit of customers who want to collaborate in the development of differentiated solutions.

Read the full story at the AMD Press Room

http://www.amd.com/…110899,00.html

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