Monday, July 24, 2006

24 July 2006: ATI Technologies Acquired by AMD for $5.4B

00:01


A MacWorld article by Peter Sayer and Sumner Lemon, via Yahoo! News, reports that:

Advanced Micro Devices (AMD) has agreed to buy Canadian graphics chip vendor ATI Technologies for around $5.4 billion in cash and stock, the companies announced Monday.

AMD sees the merger as a way to offer integrated products for the mobile computing and consumer electronics markets, it said. From 2008 onwards, it intends to offer a new range of integrated processing and graphics chips for custom applications, it said.

More here.

posted by Fergie @ 7/24/2006 12:01:00 AM

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