Chip maker Advanced Micro Devices Inc. is using its $1.25 billion settlement check from rival Intel Corp. and a new $500 million bond offering to pay off $1 billion in debt.
EU Rebuked Over Intel Case The EU’s ombudsman said regulators had committed “maladministration†in their case against Intel by not documenting a “potentially exculpatory†witness interview.
AMD to Pare Debt With Intel Funds Advanced Micro Devices said it would use its $1.25 billion settlement from Intel to reduce its debt coming due in 2012 by up to $1.4 billion.
Chinese astronomers have signed on to participate in the development of the world's largest telescope that will be built atop a Hawaii volcano, a group said Tuesday.
Shares of Advanced Micro Devices rose Wednesday after the chip maker announced moves to ease its debt burden, apparently cashing in on a $1.25 billion settlement with Intel Corp. last week.
European competition officials have been rapped for failing to properly record a meeting with an executive of computer maker Dell during the course of their long investigation into antitrust abuses by Intel , the world's largest chipmaker.
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