After several months of rumors that accounted for AMD’s intentions to acquire ATI, confirmation of the deal emerged today that is now subject to regulatory approvals.
In a statement, AMD said that the investment was around US $ 5.4 billion and is part of the company’s strategy to increase its participation in the manufacture of consumer electronics, as it now has ATI’s competences for the production of graphics processors. and chips for this segment.
The agreement provides for AMD to acquire ATI shares for a total of $ 4.2 billion in cash and 57 million common shares of AMD.
The merger will give rise to a reinforced company through «the union of the two technologies and mobility between employees», says AMD.
AMD’s president and CEO Hector Ruiz said in a statement that the two companies share the same interests and that «ATI complements AMD’s efforts as a technological leader interested in satisfying its customers through innovation». The same official says that the union between the two companies will allow «AMD to transcend what it has already achieved individually and reinvent its industry as a technological leader and top partner».
The products developed by the new partnership will be strategic not only to compete with rival Intel, which offers its own line of products. chipsets graphics capabilities, as well as ATI’s competitor, Nvidia, in the graphics card market.
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