The Canadian government has given AMD the go-ahead to purchase ATI Technologies, adding toapproval from ATI shareholders and the Taiwanese authorities.
The proposed acquisition, announced on 24 July, still remains subject to court approval and other customary closing conditions. Subject to that, the transaction is expected to be completed before the end of the month.
"We are confident that our plans for the combination of AMD and ATI will deliver customer-centric solutions and will benefit Canada and its future role in the technology industry," said AMD head Hector Ruiz. "We look forward to the successful completion of the transaction that will generate new opportunities for the companies, their employees and the communities in which they operate."
Demonstrating that the transaction will be a net benefit to Canada, AMD made several commitments to the Minister of Industry with respect to its Canadian operations, including plans to expand research and development in Canada; nominating a Canadian for election to AMD’s board of directors over the next five years; and plans to expand ATI's consumer business unit, based in Canada, to take over the worldwide role.
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