Well-known CPU and motherboard manufacturer AMD announced that it will be splitting into two companies. According to a story on NYTimes, this is AMD's drastic effort to maintain its position against its main rival Intel. Apparently, one company will be "focused on designing microprocessors and the other on the costly business of manufacturing them."
Company reps said two Abu Dhabi investment firms would pour in at least $6 billion into the two companies with the main purpose to finance AMD's new chip factory, which is to be built near Albany, N.Y. Other efforts are focused on upgrading one of the company’s existing plants in Dresden, Germany.
“This is the biggest announcement in our history,” said AMD’s chief executive, Dirk Meyer. “This will make us a financially stronger company, both in the near term and in the long term, as a result of being out from the capital expense burden we have had to bear.”
Great news, just great. And we remain pawns of the industry (pawns, I tell ya!), destined to by their products, which I'm hoping will at least still be cheaper than those from Intel.