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AMD amends GlobalFoundries deal, will buy $2.1 billion worth of wafers

AMD amends agreement with GlobalFoundries to buy $2.1 billion worth wafers
AMD amends agreement with GlobalFoundries to buy $2.1 billion worth wafers   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p> -Chip firm Advanced Micro Devices will acquire about $2.1 billion of silicon wafers from GlobalFoundries from 2022 through 2025 in an amended agreement, according to a regulatory filing on Thursday.</p> <p><span class="caps">AMD</span> had agreed to buy $1.6 billion worth of chips between 2022 and 2024, according to a filing with the U.S. Securities and Exchange Commission in May. Wafers are the large discs of silicon on which computer chips are made. </p> <p>GlobalFoundries was created when <span class="caps">AMD</span> spun off its chip factory operations in 2009 and has supplied <span class="caps">AMD</span> since then. However, GlobalFoundries in 2018 decided to quit pursuing leading edge chipmaking technologies.</p> <p>Since then, <span class="caps">AMD</span> has turned to Taiwan Semiconductor Manufacturing Co to supply the most critical sections of its computer processors called “chiplets.” Even though <span class="caps">TSMC</span> has become its primary supplier, <span class="caps">AMD</span> still relies on some components from GlobalFoundries to tie its chips together.</p> </div>