AMD is denying reports that it will sell off its fabrication plants, or fabs, in Germany as part of a plan to cut expenses and refocus the chip maker"s energy of processors and graphics. Advanced Micro Devices is planning to keep its fabs for now.
AMD is denying a report that appeared in the Austin American-Statesman that contains an interview with new CEO Dirk Meyer that seemed to indicate that the chip maker was preparing to spin off its manufacturing facilities in Germany and sell its two fabrication plants, or fabs.