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AMD amends GlobalFoundries deal, will buy wafers worth $2.1 billion

A sign of AMD is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai
FILE PHOTO: A sign of AMD is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. File photo taken July 30. 2021. REUTERS / Aly Song

December 23, 2021

(Reuters) – Ship company Advanced Micro Devices will purchase about $2.1 billion in silicon wafers from GlobalFoundries between 2022 and 2025 in a revised agreement, according to a regulatory filing on Thursday.

AMD has agreed to buy $1.6 billion worth of chips between 2022 and 2024, according to a filing with the US Securities and Exchange Commission in May. Wafers are large silicon disks on which computer chips are made.

GlobalFoundries was founded when AMD shut down its chip factory in 2009 and has supplied AMD since. However, GlobalFoundries in 2018 decided to abandon its pursuit of leading edge chip manufacturing technologies.

Since then, AMD has turned to Taiwan Semiconductor Manufacturing Company to supply the most important parts of computer microprocessors known as “chiplets”. Although TSMC has become its main supplier, AMD still relies on some components from GlobalFoundries to put its chips together.

(Reporting by Akash Sriram in Bengaluru and Stephen Nellis in San Francisco; Editing by Maju Samuel and Richard Chang)

https://www.oann.com/amd-amends-globalfoundries-deal-will-buy-2-1-billion-worth-of-wafers/?utm_source=rss&utm_medium=rss&utm_campaign=amd-amends-globalfoundries-deal-will-buy-2-1-billion-worth-of-wafers AMD amends GlobalFoundries deal, will buy wafers worth $2.1 billion

Bobby Allyn

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