RAISING CASH: AMD Inc plans to sell and lease back its campus in Austin, Texas, to raise cash and fund its chipmaking business as it diversifies beyond the struggling PC industry into new markets. — Reuters
SAN FRANCISCO: AMD Inc plans to sell and lease back its campus in Austin, Texas, to raise cash and fund its chipmaking business as it diversifies beyond the struggling PC industry into new markets.
AMD expects to sell the 58-acre site for between US$150mil and US$200mil (RM450mil and RM600mil) and close a deal in the second quarter, company spokesman Drew Prairie told Reuters.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
