AMD Announces Completion of Alchemy Acquisition
SUNNYVALE, CA --
Advanced Micro Devices, Inc. announced today that it has completed the acquisition of Alchemy Semiconductor, Inc., a privately held company that designs, develops and markets low-power, high performance microprocessors for personal connectivity devices such as personal digital assistants (PDAs), web tablets, and portable and wired internet access devices and gateways. The acquisition was structured as a cash transaction, pursuant to which AMD made cash payments of approximately $50 million to Alchemy stockholders and outstanding creditors.
AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia. AMD, a Fortune 500 and Standard & Poor’s 500 company, produces microprocessors, flash memory devices, and support circuitry for communications and networking applications.
Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $4.6 billion in 2000. (NYSE: AMD).
AMD on the Web
For more AMD news and product information, please visit our virtual pressroom at www.amd.com/news/virtualpress/index.html
. Additional press releases are available at www.amd.com/news/news.html