SAN FRANCISCO: Advanced Micro Devices Inc (AMD) and Fujitsu Ltd are forming a new company to supply flash memory chips for cell phones and personal computers in a move to better compete with Intel Corp.
AMD and Fujitsu, which have had a joint venture called Fujitsu AMD Semiconductor Ltd (FASL) for about a decade, said the new company – to be named FASL LLC and based in AMD’s home turf of Sunnyvale, California – would begin operations in the third quarter of this year. It would be 60% owned by AMD and 40% by Fujitsu. – Reuters
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