The change is because of the poor performance of AMD stock lately, which has essentially devalued ATIC's investment. ATIC will get more of Foundry for the same $2.1 billion price tag because of that. Two weeks ago the stock closed at $1.80, a low not seen since the 1970s. AMD closed at $2.27 on Tuesday, Dec. 9.
The fabrication facility will provide 1,465 permanent jobs, according to AMD. Though the firm of M+W Zander, who worked on AMD's plants in Dresden, Germany, will be handling the construction in Malta, AMD says that, for the most part, it will seek out local labor.""