AMD와 ATIC(Advanced Technology Investment Company),

새로운 첨단 반도체 제조 업체 설립

 ‘파운드리 컴퍼니(The Foundry Company)’, 뉴욕주 북부에 최첨단 제조 공장 설립, 1,400 개 이상의 일자리 창출, 드레스덴의 기존 제조 시설 확대 

뉴욕 – 10월 7일, 2008 – AMD와 아부 다비의 ATIC(Advanced Technology Investment Company)는 오늘 독립적인 첨단 파운드리 생산 능력에 대한 수요가 증가함에 따라 이에 대응하기 위한 첨단 반도체 제조 기업의설립을 발표했다. 미국에 본사를 두고 있으며, 당분간 ‘파운드리 컴퍼니’로 불릴 이 새로운 글로벌 업체는 새로운 공정 기술과 업계 선두적인 제조 시설, 글로벌 역량을 확대하고자하는 적극적인 계획을 통해 이러한 요구에 대응할 것이다. 동시에 무바달라 개발(Mubadala Development Company)은 AMD에 대한 현재의 투자규모를 완전 희석 원칙 기준으로 19.3% 늘릴 예정이다. 

AMD는 관련 자산 및 지적 재산권, 독일 드레스덴에 위치하고 있는 두 개의 공장을 포함한 제조시설을 파운드리 컴퍼니에 제공할 계획이다. ATIC는 파운드리 컴퍼니의 주식을 매입하기 위해 21억달러를 투자할 계획이며,이중 14억달러는 이 기업에 직접 투자하고, 나머지는 파운드리 컴퍼니의 주식을 추가 매입하기 위해 AMD에게 지불할 예정이다. 파운드리 컴퍼니는 AMD의 현재 채무 중 약12억 달러를 차지하는 것으로 산정된다. ATIC는 파운드리 컴퍼니의 칩 생산량을AMD에서 최초에 제공된 제조 시설 이상으로 확대하기 위해 최소 36억 달러에서 최대 60억 달러에 이르는 추가적인 주식 펀딩을 향후 5년동안 제공할 예정이다. 이들 펀드는 파운드리 컴퍼니에 의해(i)독일 드레스덴에 있는 팹 중 하나를 최첨단 시설로 업그레이드하는 작업을 포함하여 이들 팹의 생산량 확대를 진행하고, (ii) 이미 승인된 뉴욕주 인센티브의 이전에 따라 뉴욕 사라토가 카운티에 새로운 최첨단 시설의 설립을시작하는데 사용될 예정이다. 뉴욕 공장은 1,400 개 이상의 일자리를 생성할 것으로 예상되며, 공장 가동에 따라 그 지역에 5,000개의 추가적인 일자리를 만들것으로 예상된다. 일단 가동이 되면 뉴욕 공장은 미국에서 유일하게독립적으로 운영되는 첨단 반도체 제조 파운드리가 될 것이다. 

선두적인 반도체 기업들이 증가하는 비용과 복잡성, 높은 금융 및 R&D 비용으로 인해 점차 직접 생산을  중단하고 있고, 이로 인해 독립적 파운드리 제조공장에 대한 전세계 수요는 지속적으로 늘어나고 있다. 더불어, 좀더 발전된 반도체를 사용하는 디바이스에 대한 전세계 요구 또한 지속적으로 증가하고 있기 때문에, 파운드리 컴퍼니가 속한 IBM 기술 연합도 반도체 혁신을 위한 재단을 설립, 규모를 키워나가고 있다.   

파운드리 컴퍼니의 이사회는 AMD와 ATIC의 대표자로 동등하게 구성될 예정이다. 파운드리 컴퍼니의 완전 전환 보통주는 설립시점에서 AMD가 44.4%를, ATIC가 55.6%를 소유하게 될 예정이다. 

덕 그로즈(Doug Grose)는 현 AMD 제조 운영 부문의 수석 부사장 자리에서 물러나 파운드리 컴퍼니의 CEO가 될 예정이다. 헥터 루이즈(Hector Ruiz)는 현 AMD 이사회 회장에서 물러나 파운드리 컴퍼니의 회장이 될 예정이다. 이외에도, 새로운 회사는 세계적인 반도체 제조 경영진에 대한 공격적인 임용 전략을 계획하고 있다.

ATIC는 아부 다비 정부에 의해 만들어진 투자 회사로서 아부 다비의 경제 다각화를 증진하는 한편, 경제 수익을 성취하기 위해 장기 투자 자본과 장기적 비전을 요구하는 최신 기술 기회에 투자하고 있다. ATIC는 파운드리 컴퍼니에 대한 투자 관리 프로젝트와 관련하여 12개월짜리 계약을 무바달라와 맺을 예정이다.    

이번 거래 결과로, AMD는 재정적 입지를 강화하고, 혁신적인 컴퓨팅 및 그래픽 솔루션에 대한 디자인과 개발에 집중할 예정이다. AMD는 약 12억 달러에 이르는 파운드리 컴퍼니의 부채 산정과 ATIC에게 7억 달러에 이르는 AMD의 파운드리 컴퍼니 소유권 지분 매각, 그리고, 3억 천 4백만 달러에 이르는 AMD의 58백만 신규 발행 주식과3000만 달러의 추가 주식에 대한 인수권을 무바달라에 제공함으로써 현금 유동성을 향상시킬 것이다. 

현재 AMD 주식의 8.1%를 가지고 있는 무바달라는 완전 희석 원칙 기준으로 AMD 주식의 약 19.3%을 가지게 될 것이다. 이는3억 천 4백만 달러의58백만AMD 신규 발행 주식과 3000만 달러의 추가 주식에 대한 인수권을 통해 주어질 예정이다. 무다발라는 또한 AMD 이사회 중 한 명을  임명할 수 있는 권리를 가지게 된다.  

AMD의 CEO, 덕 마이어(Dirk Meyer)는 “오늘은 AMD가 재정적으로 더 강하고, 더 명확한 포커스를 가진 기업으로 탄생한 역사적인 날이다. 파운드리 컴퍼니를 통해 AMD는 디자인에 중심을 둔 혁신적인 방법을 개발하는데 집중할 수 있게 되었으며, 반도체 제조에 대한 자본 집중적인 투자 없이도 비즈니스가 요구하는 최첨단 제조 기술에 대한 접근성을 유지할 수 있게 되었다. 나는 특히 에셋 스마트(Asset Smart) 전략을 실현할 수 있게 한 비전과 리더십을 제공한 헥터 루이즈 회장에게 축하의 말을 전하고 싶다”고 말했다.

무다발라의 CEO, 칼둔 알 무바락(Khaldoon Al Mubarak)은 “우리는 과거에 그랬듯이 오늘날의 AMD가 가진 잠재력에 대해 깊이 신뢰하고 있다. 이번에 이루어진 추가 투자는 AMD의 에셋 스마트 비즈니스 전략과 진화된리더십 팀, 업계 최고의 기술에 대한 강한 믿음을 나타낸다”고 말했다.

AMD 이사회 회장이자 파운드리 컴퍼니의 회장이 될 예정인 헥터 루이즈는 “ATIC와 AMD는 파운드리 컴퍼니를 설립하는데 있어 이상적인 파트너이다. 협업을 통해 ATIC의 장기적인 비전과 장기 투자 자본, AMD의 제조기술 리더십과 혁신, 높은 기술의 인력을 결합할 수 있었다. 더구나,뉴욕 주 북부에IBM 및 다른 연구 부문 리더들과 나란히 설립될 파운드리 컴퍼니는 나노기술 개발의 세계적인 중심으로 그 지역의 입지를 공고히 할 것이다”라고 말했다. 

ATIC 회장인 왈리드 알 모카랍(Waleed Al Mokarrab)은 “오늘의 발표는 전세계 반도체 업계를 크게 재편하고 있다. 이는 참여한 모든 당사자들이 뚜렷한 기회를 보고 있는 투자이다. 독립적이고 재정적으로 건실한 파운드리 컴퍼니는 세계 반도체 제조의 명실상부한 리더가 될 수 있는 기초를 제공하는 입증된 고객과 최신 기술 로드맵, IBM과의 R&D 파트너십, 그리고, 생산량 확대를 위한 명확한 계획을 가지고 첫날을 시작하고 있다”고 말했다.

파운더리 컴퍼니의 CEO를 맡게 될 덕 그로즈는 “파운드리 컴퍼니의 설립은 반도체 업계의 진화에서 중요한 이정표를 세웠다. 업체들은 최첨단 제조 생산 시설에서 공급을 받을 수 있다는 사실에 기뻐하고 있으며, 우리의새로운 벤처 기업은 이 요청에 부응하고 있다. 운영상의 우수함과 IBM과의 협업으로부터 개발된 최첨단 기술, 공격적인 생산 로드맵을 통해 파운드리 컴퍼니는 이 업계의 차세대 혁신을 추진하고자 한다“고 말했다.

파운드리 컴퍼니는 22nm 세대까지 실리콘-온-인슐레이터(SOI)와 벌크 실리콘 기술을 위해 IBM 공동 개발 연합과 협업할 예정이다. 이 연합은 차세대 실리콘 기술을 위해 협업하고 있는 선두적 반도체 업체들로 구성되어 있다. 

IBM의 수석 부사장이자 개발총괄인 존 E. 켈리 3세 박사(Dr. John E. Kelly III)는 “우리는 파운드리 컴퍼니가 IBM 연합에 들어온 것을 환영하며 이 업체가 뉴욕 주에 투자하여 기쁘다. 파운드리 컴퍼니의 연합 참여는 우리의 협업 노력에 새로운 지적 자본을 가져왔으며, 반도체 기술에 있어 연합이 수립해온 리더십과 세를 지속적으로 확대할 것이다”라고 말했다.

거래 완료 후, 파운드리 컴퍼니는 실리콘 밸리, 뉴욕, 드레스덴, 오스틴에 있는 AMD 공장에서 새로운 기업으로 이동한 약 3,000명의 임직원과 함께 운영을 시작할 것이다. 새로운 기업의 본사는 실리콘 밸리에 위치할 것이며, R&D 및 제조 리더십 팀, 에코시스템은 뉴욕, 드레스덴, 오스틴에 기반을 둘 예정이다. 파운드리 컴퍼니는 드레스덴에서의 업그레이드와 확장, 뉴욕 공장의 설립이 완성된 후 세계적인 제조 역량을 계속해서 증진할 비전을가지고 있다. 만약 상업적으로 정당화된다면 아부 다비에 새로운 팹 시설을 설립하는 것도 계획하고 있다. 

의회에서의 승인과 이미 승인된 바 있는 뉴욕 주 인센티브의 파운드리 컴퍼니로의 이전, 보통주 발행 및 무바달라에게 권한 이양에 대한 AMD 주주들의 승인 등 제반 조건들이 만족되는대로 거래는 2009년 초 마무리될것으로 예상된다. 거래 마무리 전, AMD, ATIC와 무바달라는 미 재무장관이 주간하는 정부 기관간 협의처 CFIUS (Committee on Foreign Investment in the United States)의 검토를 위한 공동 거래 고시를 제출할 예정이다.   

거래 완료 후, 파운드리 컴퍼니는:

·                     AMD에서 제공된 24억달러 가치의 제조 자산과 지적 자산(드레스덴에 있는 팹 시설을 포함하여), 지적 자본 및 임직원, ATIC에서 제공된 14억 달러의 신규 자본, AMD에서 파운드리 컴퍼니에 산정한 12억 달러의부채등으로 구성된 50억 달러의 전체 기업 가치를 가짐

·                     재정 보고 시 AMD와 통합됨

·                     AMD와 ATIC의 대표자로 동등하게 구성된 이사회를 가짐

·                     AMD와 ATIC만이 유일한 주주이며, 양 측이 동등한 투표권을 가질 예정

·                     완전 전환된 보통주 기준으로 AMD에서 44.4%, ATIC에서 55.6%를 소유. ATIC의 경제적 소유권은 파운드리 컴퍼니의 성장을 지원하기 위해 미래 자본 투자시 ATIC와 비례적으로 투자할 것인지에 대한 AMD의결정에 따라 AMD와 ATIC에 의해 소유된 유가 증권의 차이를 기반으로 시간이 지날 수록 증가할 것임

·                     실리콘밸리에 본사를 가짐. R&D와 제조 리더십 팀, 에코시스템은 뉴욕, 드레스덴, 오스틴에 위치할 예정

·                     AMD 프로세서 및 일정 비율의 다른 AMD 반도체 제품 제조에 대한 독점 공급 계약 (제한적인 예외를 포함)

·                     2009년 중반 뉴욕 주에 4배의 제조 시설을 가진 팹의 준공을 시작, 공장이 가동되면 1,400명 이상의 직접 고용 발생

·                     드레스덴에 있는 한 군데의 제조시설 생산량을 증가시키고, 2009년 드레스덴에 두번째 최첨단 시설로의 전환을 완료할 것으로 예상

·                     IBM의 기술 개발 연합에 참여, SOI와 벌크 실리콘 기술 개발을 통해 파운드리 컴퍼니의 타겟 시장을 크게 확장

·                     드레스덴의 업그레이드와 확장, 뉴욕 시설의 설립 후, 파운드리 컴퍼니는 세계적인 제조 역량을 계속해서 확장할 비전을 가지고 있음. 만약 상업적으로 정당화된다면 아부 다비에 새로운 팹 시설을 설립하는 것도계획

·                     영구적인 기업명과 아이덴티티 발표 예정

거래 완료후, AMD는:

·                     ATIC와 함께 파운드리 컴퍼니에 대한 동등한 투표권을 가짐

·                     파운드리 컴퍼니에 대한 44.4% 지분을 가짐 (보통주로 완전 전환시 기준)

·                     AMD는 파운드리 컴퍼니의 약 12억 달러에 이르는 부채 산정과 ATIC로부터의 7억 달러에 이르는 파운드리 컴퍼니에 대한 AMD 소유권 지분에 대한 지불, 무바달라로부터의 3억 천 4백만 달러의 AMD 신규주식58백만 주와3000만 달러의 추가 주식에 대한 인수권에 대한 지불을 통해 유동성을 향상시킴 

·                     컴퓨팅과 그래픽 프로세싱의 결합을 기반으로 한 혁신적인 디자인과 개발에 더 강하게 집중할 수 있음

·                     무바달라의 지명인을 이사회 일원으로 선출

·                     재정 보고 목적의 파운드리 컴퍼니의 통합을 배제하면, AMD는 약 11억달러의 파운드리 컴퍼니의 부채 산정(AMD에서 파운드리 컴퍼니로의 약 1억 달러의 순 현금 이동)과 ATIC 와 무바달라의 통산 10억 달러의현금 지불을 통해 21억 달러의 순 현금 보유고를 향상

·                     어떠한 전제조건 없이 미래의 자본 요구에 대응하여 파운드리 컴퍼니에 대한 추가적인 자본 펀딩을 제공할 수 있는 옵션을 가짐

·                     파운드리 컴퍼니와 제한적인 예외 조항만 가지고 AMD 프로세서를 제조하기 위한 독점적 공급 계약을 맺었으며 경쟁적 상황시 일정 비율의 다른 AMD 반도체 제품을 생산하는 계약을 맺음

거래 완료후, ATIC는:

·                     AMD와 함께 파운드리 컴퍼니에 대한 동등한 투표권을 가짐

·                     파운드리 컴퍼니에 대한 55.6% 지분을 가짐 (보통주로 완전 전환시 기준)

·                     21억 달러의 초기 투자, 이중 14억 달러는 새로운 회사에 직접 투자되며, 7억 달러는 AMD에 직접 지불

·                     드레스덴에 있는 팹 시설의 업그레이드와 확장, 뉴욕주 북부의 새로운 공장 설립을 위해 최소 36억 달러에서 최대 60억 달러에 이르는 추가적인 주식 펀딩을 향후 5년동안 제공할 것을 약속

거래 완료후, 무바달라는:

·                     3억 천 4백만 달러의 AMD 신규 주식 58백만 주와3000만 달러의 추가 주식에 대한 인수권을 구매함으로써 약 19.3%로 AMD 지분 증가

·                     AMD의 이사회 한 명을 지정할 수 있는 권리를 가지게 된다.  

더 자세한 정보는 www.amd.com/NewGlobalFoundry 에서 제공된다.

- 끝 -

AMD에 대해

AMD(NYSE:AMD)는 반도체 디자인과 제조 분야의 선두혁신주자로, 고객 및 파트너와 협력해서 기업, 가정 및 엔터테인먼트를 위한 차세대 기술을 발전시킨다. AMD에 대한 자세한 정보는 AMD 웹사이트 http://www.amd.com에서 제공된다.

ATIC에 대해

ATIC (Advanced Technology Investment Company)는 2008년에 설립되었다. 아부 다비의 정부가 소유하고 있는 기술 투자 기업으로서 ATIC는 국내 및 국제적 첨단 기술 분야에서 대규모 투자에 집중하고 있다. 이 기업의 소임은 아부 다비 에미리트의 장기적인 수익을 만들어내는데 있다.

ATIC는 높은 경쟁과 자본 집중적인 첨단 기술 분야에서 장기적 투자 기회를 파악하고, 실현하기 위해 아부 다비 에미리트의 투자자로써 가지고 있는 고유한 잇점을 활용하려고 하고 있다. 이러한 잇점에는 대규모의 안정적인 자본과 장기 투자 철학, 그 결과인 장기 투자 비전이 포함된다.

ATIC에 대한 자세한 정보는 www.advancedtechnologyic.com 에서 제공된다.

파운드리 컴퍼니에 대해

파운드리 컴퍼니는 미국에 본사를 가지고, 독립적인 최첨단 파운드리 제조 역량에 대한 증가하는 수요에 대응하기 위해 설립된 최첨단 반도체 제조 기업이다. 파운드리 컴퍼니는 첨단 공정 기술과 업계 선두적인 제조 시설, 생산량 확대를 위한 공격적인 계획을 통해 이러한 요구에 대응해갈 계획이다. 파운드리 컴퍼니의 초석은 독일 드레스덴의 업계 선두적인 제조 설비이며 뉴욕 주 사라토가 카운티에 최첨단 설비를 설립할 뿐 아니라 드레스덴의 공장도 확장할 향후 계획을 가지고 있다. 거래 완료 후, 파운드리 컴퍼니는 실리콘 밸리에 본사를 두게 되며 R&D 및 제조 리더십 팀과 에코시스템을 뉴욕, 드레스덴, 오스틴에 둘 예정이다.

파운드리 컴퍼니에 대한 자세한 정보는www.newglobalfoundry.com 에서 제공된다.

무바달라 개발(Mubadala Development Company)에 대해

무바달라 개발은 아랍 에미리트 연합의 수도인 아부 다비에 본사를 둔 주식회사형 공기업이다. 이 회사는 영리 주도의 포괄적이고 경제적으로 다양한 포트폴리오를 개발하고 관리하는데 중점을 두고 있다.  이 기업은 이 일을 독립적, 또는 세계적인 조직과 파트너십을 통해 하고 있다. 무다발라의 기업 전략은 기본적으로 강력한 재정적 이윤을 가져오는 장기적 금융 집중적인 투자에 기반을 두고 있다. 

이 기업은 국내, 지역, 국제 투자, 프로젝트와 정책에 대한 수십 억 달러의 포트폴리오를 관리하고 있다. 이 투자와 개발 프로젝트를 통해 무바달라는 아랍 에미리트 아부 다비의 경제적인 다각화를 위한 촉매이자 반영이자 원동력이다. 이들의 영향은 에너지, 항공 우주, 부동산, 헬쓰케어, 기술, 인프라, 서비스 부문에 있어 국내적으로나 국제적으로나 분명하다. 

무바달라의 유일한 주주는 아랍 에미리트의 아부 다비 정부이다.

무바달라와 이들의 파트너십, 활동에 대한 자세한 정보는www.mubadala.ae에서 제공된다.

Forward-Looking Statement

This document contains forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements are based on risks and uncertainties that could cause actual results to differ materially from expectations. These forward-looking statements should not be relied upon as predictions of future events as we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur.  You can identify forward-looking statements by the use of forward-looking terminology including “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “pro forma,” “estimates,” or “anticipates” or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. These forward-looking statements relate to, among other things, our asset smart strategy, the impact and effects of our The Foundry Company joint venture, future demand for our products, capital expenditures, potential benefits of our The Foundry Company joint venture and the timing of our The Foundry Company joint venture.  The material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: that Intel Corporation’s pricing, marketing and rebating programs, product bundling, standard setting, new product introductions or other activities targeting the company’s business may negatively impact sales plans; any inability to realize all of the anticipated benefits of our proposed The Foundry Company joint venture because, among other things, the revenues, cost savings, improved cash flow, growth prospects and any other benefits expected from the transaction may not be fully realized or may take longer to realize than expected; that The Foundry Company joint venture does not close; a downturn in the semiconductor industry; unexpected variations in market growth and demand for our products and technologies in light of the product mix that we may have available at any particular time or even a decline in demand; our cost reduction efforts are not effective; any inability to improve the efficiency of our supply chain; any inability to transition to advanced manufacturing process technologies in a timely and effective way, consistent with planned capital expenditures; any inability to develop, launch and ramp new products and technologies in the volumes and mix required by the market at mature yields and on a timely basis;  any inability to obtain sufficient manufacturing capacity or components to meet demand for our products or the under-utilization of The Foundry Company’s manufacturing facilities;  the effect of political or economic instability internationally on our sales or production; or that The Foundry Company is less successful than anticipated.  We urge investors to review in detail the risks and uncertainties in our Securities and Exchange Commission filings, including but not limited to the Quarterly Report on Form 10-Q for the quarter ended June 28, 2008.

Additional Information and Where You Can Find It

AMD will file a proxy statement pursuant to which AMD’s board of directors will solicit proxies in connection with seeking AMD stockholder approval of the issuance of AMD shares and warrants pursuant to the Master Transaction Agreement with the Securities and Exchange Commission (the “SEC”). Investors and security holders are urged to read the proxy statement when it becomes available and other relevant documents filed with the SEC because they will contain important information. Security holders may obtain a free copy of the proxy statement, after it is filed by AMD with the SEC in the coming weeks, and other documents filed by AMD with the SEC at the SEC’s web site at http://www.sec.gov. The proxy statement and other documents may also be obtained for free by contacting AMD Investor Relations at investor.relations@amd.com or by telephone: (408) 749 4000.

AMD and its executive officers and directors may be deemed to be participants in the solicitation of proxies from AMD’s stockholders with respect to issuance of AMD shares and warrants pursuant to the Master Transaction Agreement. Information regarding such executive officers and directors is included in AMD’s Proxy Statement for its 2008 Annual Meeting of Stockholders filed with the SEC on March 14, 2008, which is available free of charge at the SEC’s web site at http://www.sec.gov and from AMD Investor Relations which can be contacted at investor.relations@amd.com or by telephone: (408) 749 4000. Certain executive officers and directors of AMD have interests in the transaction that may differ from the interests of AMD stockholders generally. These interests will be described in the proxy statement when it is filed by AMD with the SEC in the coming weeks.”