MUNICH, Germany Ė After AMD's shareholders have approved the spinout of the company's manufacturing activities, the top position at the German subsidiary has changed: Long-standing general manager Hans Deppe leaves the company; his successor is Jim Doran.
Doran knows the Dresden subsidiary which embraces Fab 36 and Fab 38, already from an earlier term as general manager at that location. He led the production site from 2000 through 2001 when Deppe took over.
The Dresden site will form the core of the Foundry Company which is scheduled to be officially created on March 2. The Foundry Company will be co-owned by AMD and majority shareholder Advanced Technology Investment Co (ATIC) of Abu Dhabi. The business model of the company will change also: While the AMD's Dresden subsidiary currently produces solely microprocessors for AMDs captive market, the Foundry Company also will produce processors for AMD but it will also offer foundry services to third parties.
Updated: AMD shareholders approve foundry spinout