Abu Dhabi Invests Another $300 Million in AMD
Abu Dhabi’s Mubadala Development will increase its investment in AMD from 8.1% to 19.3% “through the purchase of shares and warrants worth $314 million” (Zawya)
Abu Dhabi has already invested $8.4 billion [sic!] in AMD. About $6 billion of this is an investment in AMD’s fabs.
This $8.4 billion was already in addition to an investment of several hundred million.
Abu Dhabi wants AMD’s fabs. It looks like they are going to get AMD, too.
This could be good for technology. Intel will have a competitor with pockets even deeper than its own.
NVIDIA also will have to stay on its toes.