AnandTech: "We have periodically written about AMD's poor financial standing for some time now, as the company has struggled for nearly 2 years now to keep their operations profitable and their debt manageable, a historically difficult task for the company. Back in July, we noted that AMD may need to sell some assets to raise cash in the face of these problems, and this has since come to pass. August saw the sale of their digital TV unit (responsible for the OCUR CableCard receiver, among other things) to Broadcom, and today we've seen something much bigger.
We just got off of a conference call on AMD, where they have announced that the year and a half speculation about their "asset light" strategy is true. AMD is going fabless. Effective immediately, AMD will begin to spin off its fabrication facilities in to their own company, simple called the Foundry Company. There are a lot of details to cover, so let's dive right in."
