Radical movements of ATICs sourced back to Abu dhabis visionary Emir and its aim to bring high tech to gulf as a plan for non-oily days. Also we can say respond to growing israeli high tech companies. And yeah u bet, they have enough budget to do that.
@semiguru- AMD is not exiting from production nor from US based innovation, its indeed powering up for better stand against intel. Intel beat them and lost huge portion of market against. With success story of ARM, amd is also on the way of that they did. Production is very complicated and highly expensive. Foundries like GF. would let them to focus more on new product ranges. Thats the reason for sell off.
Could anyone at AMD explain why they are selling out another big share of the once mighty US semiconductor manufacturing (FAB) arm. More evidence that the sellout of the US industry continues unabated in the name of greed, profits and bonuses for the corporate leaders, including the board members.