Nantong Fujitsu Microelectronics Buys 85% Stake in AMD Facilities

Nantong Fujitsu Microelectronics (NFME) announced that it has acquired 85% stake in AMD's IC packaging and testing plants in Suzhou (China) and Penang (Malaysia) for US$370 million as part of a joint venture with AMD, reported Economic Daily News on October 20. AMD's facilities in China and Malaysia mainly provide high-end IC packaging and testing services for CPUs (Central Processing Unit), GPUs (Graphics Processing Unit), APUs (Accelerated Processing Unit), and processors for game consoles. The acquisition is expected to finalize in the first half of 2016, pending regulatory approvals.