AMD split into two operations

In a move to compete with Intel, Advanced Micro Devices (AMD) will announce a split of operations today.

AMD will form two companies, one focused on designing microprocessors and the other manufacturing them. Investment for the move is from two Abu Dhabi firms who will inject $6 billion into the two firms.

The move has been expected for weeks and will strengthen AMD's liquidity in increasingly worrying markets.

AMD will confirm the move in a press conference arranged for today at 8am EDT (1pm BST).

Video: Watch Live Webcast - 8am EDT
View: AMD Press Release

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