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Article: AMD, Fujitsu Join Flash Memory Business
- Article from:
- AP Online
- Article date:
- April 1, 2003
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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Dateline: SAN JOSE, Calif.
Chipmakers Advanced Micro Devices Inc. and Fujitsu Ltd. plan to combine
their flash memory businesses into a new company that can better compete
against industry leader Intel Corp.
The new company, which will be called FASL LLC, will have assets of
$2.5 billion when it starts operations in the third quarter, pending
regulatory approval. It will be headquartered in Sunnyvale, Calif.,
where AMD is based, the companies said Monday.
Fujitsu and AMD have worked together on flash memory in a 50-50 joint
venture for the past 10 years but have had to compete against each
other in some markets.
Under the new arrangement, AMD will own 60 percent of ...