AMD to go fabless, will spin off manufacturing

AMD's new CEO Dirk Meyer announced the chip firm will undergo a major restructuring in a couple of months. Details are scarce but it appears that AMD will become a fabless firm like NVIDIA, the plan is to spin off manufacturing operations to concentrate solely on the development of CPUs, GPUs, chipsets and platforms.

Dirk Meyer, the new chief executive officer of Advanced Micro Devices, said in an interview with a news-paper that the company would spin off its manufacturing operations in months time as a part of its asset smart strategy. This is the first confirmation of the expected action by AMD