AMD to buy ATI for US $5.4B
Posted on: 07/24/2006 02:04 PM

ZDNet has the scoop on a major acquisition by AMD, who have decided to purchase ATI.
The combination aims to create a "processing powerhouse" by bringing AMD's technology leadership in microprocessors together with ATI's strengths in graphics, chipsets and consumer electronics, AMD said in a statement.

AMD Chairman and CEO Hector Ruiz said in a statement: "Bringing these two great companies together will allow us to transcend what we have accomplished as individual businesses and reinvent our industry as the technology leader and partner of choice."
More information is available in this AMD Press Release.

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