Gulf Nation Buys into U.S. Chip Firm

By on    Business, IT Industry  

Gulf nation Abu Dhabi has reportedly acquired a 8.1% stake in American microprocessor firm AMD for about $700 million. The purchase is being routed through Mubadala Development, a wholly owned investment vehicle of the Government of the Emirate of Abu Dhabi, in the United Arab Emirates. Mubadala’s mandate is to set up new companies and acquire strategic […]