AMD Announces Completion of Alchemy Acquisition.Business Editors and High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 19, 2002 Advanced Micro Devices Inc. (NYSE NYSE See: New York Stock Exchange :AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ) announced today that it has completed the acquisition of Alchemy Semiconductor Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. 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 See how to access the Internet. 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. About AMD AMD is a global supplier of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. for the personal and networked computer and communications markets with manufacturing facilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 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, Calif., 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. AMD, the AMD logo, and combinations thereof are trademarks of Advanced Micro Devices Inc. |
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