Group Nears Record Deal for Chip Maker
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The deal to buy Freescale Semiconductor, if completed, would be the largest leveraged buyout ever in the technology sector.
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The head of the world&#39;s largest contract chip manufacturer said Thursday it will cost an estimated $1 billion (euro 776 million) for his company to develop the latest chip production technology.
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Advanced Micro Devices Inc. ,  the world's number two maker of microchips for personal  computers, has sealed a deal to supply China's second-largest  PC maker with chips, scoring its latest victory in a market  share battle with bigger rival Intel .
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IBM and Advanced Micro Devices have tacked a three-year extension onto their December 2002 collaboration agreement that could see the two companies work on chip-making technologies based on a 32-nanometer process.
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Chipmaker to focus on technology and features instead of megahertz.
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The Intel rival known for its Athlon PC and Opteron server processors announced on Tuesday plans to tap Chartered Semiconductor Manufacturing, a contract manufacturer, for extra chip-production capacity.
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The high-speed broadband communications, storage, and MIPS processor chip maker said revenues are now expected to be between $71 million and $73 million.
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Company will manufacture a dual-core PowerPC processor.
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Contract chip maker Chartered  Semiconductor Manufacturing Ltd. started making microprocessor  chips for Advanced Micro Devices Inc. this month and will begin  shipments as early as July, an industry source told Reuters.
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A consortium of investment firms was  near a deal late Sunday to acquire Freescale Semiconductor Inc.   for more than $16 billion, the New York Times reported  on Monday.
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Two groups of private equity firms are   bidding to buy chip maker Freescale Semiconductor Inc. FSL.N   for about $16 billion, sources familiar with the matter said on   Monday, which if completed would be the technology industry's   largest leveraged buyout ever.
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Chinese PC maker Lenovo Group says it is in the advanced stages of discussions to make a major tech deal--one that is widely believed to be with IBM.
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Intel Corp. INTC.O will make   chips with four processing cores in November the world's   biggest microchip maker said on Tuesday as it tries to maintain   a lead over rival Advanced Micro Devices Inc.AMD.N.
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IBM Corp. and Advanced Micro Devices Inc. (AMD) have tacked a three-year extension onto their December 2002 collaboration agreement that could see the two companies work on chip-making technologies based on a 32 nanometer process. The agreement was set to expire at the end of 2005, but now extends until Dec. 31, 2008.
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Company remains on track to ship desktop and server chips in 2005.
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The chipmaker's 3 Series chipset promises computer users a serious performance boost.
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Advanced Micro Devices Inc. (AMD) may yet team up with another chip maker for the construction of a semiconductor fabrication plant (fab) to expand its manufacturing capacity for microprocessors, despite shelving similar plans in 2003, according to a senior company executive.