Business Context and Reporting Period
Company: Advanced Micro Devices, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 1, 2008
Event: Exercise of call option to purchase partnership interests in AMD Fab 36 KG.
Key Financial Metrics
This filing reports a specific transaction rather than periodic financial results. No revenue, profit, cash flow, or margin data is provided in this document.
| Metric | Value |
|---|---|
| Aggregate Purchase Price (Euros) | Approximately 86 million EUR |
| Aggregate Purchase Price (USD) | Approximately $132.4 million USD |
| Exchange Rate Date | March 25, 2008 |
Material Changes
On April 1, 2008, AMD Fab 36 Holding GmbH and AMD Fab 36 Admin GmbH (wholly owned subsidiaries of AMD) exercised a call option to purchase limited and silent partnership interests in AMD Fab 36 KG. These interests were previously held by Fab 36 Beteiligungs GmbH & Co. KG, an investment consortium arranged by M+W Zander Facility Engineering GmbH. This transaction consolidates ownership of the Fab 36 facility under AMD's direct control.
Guidance, Outlook, and Risks
Management Commentary: The filing references the original Partnership Agreements entered into on April 21, 2004, as amended. It directs readers to Item 7 of the Company's Annual Report on Form 10-K for the fiscal year ended December 29, 2007, for additional details regarding the agreements and call options.
Risks and Contingencies: The filing does not disclose new risks or contingencies beyond the execution of the pre-existing call option.
Investor Verification Checklist
- Verify the impact of the $132.4 million cash outflow on the company's liquidity position in the subsequent quarterly report.
- Review the Form 10-K for the fiscal year ended December 29, 2007, to understand the original terms of the Fab 36 partnership agreements.
- Confirm the final accounting treatment of the purchase price and any associated goodwill or asset revaluation in future filings.
- Monitor for any changes in the operational status or capacity of Fab 36 following the full acquisition of partnership interests.