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AMD to spin off manufacturing and fabrication business in a matter of weeks?

New AMD CEO Dirk Meyer has said that the company was “just months away” from spinning off their manufacturing and fabrication business into a separate company and if a new story at TG Daily is correct that it might be happening even sooner.

According to their sources, an announcement is planned for next month for their Asset Light and Asset Smart initiatives and former CEO Hector Ruiz, currently the boards chair, may play a big role…and probably take a big salary and bonus if he stays true to form.

Looks like we can expect more info pretty soon so stay tuned…

[Via Engadget]

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