Today, AMD has agreed with the Abu Dhabi government an investment plan of $ 8.4 billion (2.1 at once, and then, as the factories are being built), a new joint venture, which will withdraw all AMD production facilities (two factories built in Germany and planned in York). Apparently, the Arabs understood that investments in US Treasury notes were not so reliable, and decided to buy something real, and not pieces of paper :)) . Thus, AMD, which is experiencing hard times due to problems in the CPU market, will be divided into a factory part (56% will belong to the government of Abu Dhabi), and the company, which is engaged only in the development of integrated circuits. The new factory, which will transfer 3,000 AMD employees, has ambitious plans - in addition to manufacturing processors developed at fabless (factory-free) AMD, third-party orders will be taken, so it will compete with monsters like TSMC and UMC. How this process will affect the R & D department of AMD is not yet clear, but perhaps they will have more resources to develop their ideas.
Addition: AMD finally confirmed that the transaction will take place early next year. Specially formed by the government of Abu Dhabi, Advanced Technology Investment Company is investing 2.1 billion dollars in the new The Foundry Company (they did not think long over the name). Then over the next years, another 3.6-6 billion dollars will be invested. In addition, the Arabs will pay AMD debt (1.2 billion dollars). New factories (the first will be built in New York) will be made in conjunction with IBM and focus on the production of microcircuits in both conventional and SOI technology, with sizes up to 22 nm.