The Abu Dabi domiciled investment company Advanced Technology Investment Co. (ATIC) and the semiconductor manufacturer AMD are to form a production company for manufacturing semiconductor chips. The company, situated in the USA, is temporarily named Foundry Co. and the shares will be allocated 55.6% to ATIC and 44.4% to AMD. AMD will contribute its production sites to the new company and these will include the two Dresden-domiciled Fabs with their 2,800 employees. ATIC will invest 2.1 billion US$ in Foundry Co, and will provide the financial needs of the new company for the next five years to the tune of 3.6 to 6 billion US$. In addition ,Foundry Co. will take on AMD debt to the amount of 1.2 billion US$.