10/07/2008

Abu Dhabi:

Is going to build an AMD plant in upstate NY, about 45 minutes from where I live.
 
The Abu Dhabi government will pay $700 million for a stake in a new entity that will own two plants in Germany and build another in New York, AMD said yesterday. The new company also will get as much as $6 billion from Abu Dhabi to expand the factories and $1.4 billion in operating capital. Abu Dhabi also will pay $314 million to double its stake in AMD to 19 percent.
 

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