AMD completes takeover of graphic chip firm ATI
From the Associated Press
Chip maker Advanced Micro Devices Inc. said it had completed its takeover of graphic chip maker ATI Technologies Inc. in a cash and stock deal worth about $5.4 billion.
The purchase of the Canadian company by Intel Corp.’s biggest rival for personal computer microprocessors could shift the balance of power in the chip industry in significant ways as AMD’s product portfolio mushrooms.
The acquisition gives Sunnyvale, Calif.-based AMD a total of 15,000 employees, an arsenal of intellectual property and a wide array of chips for personal computers, mobile devices, sophisticated video game systems and other electronics.
