AMD spins off its factories to form GlobalFoundries (2009)
Chip designer AMD split off its manufacturing plants into a separate company, GlobalFoundries, backed by Abu Dhabi investors. AMD kept design and gave up the burden of funding leading-edge fabs.
AMD shed heavy factory costs and the debt tied to them.
AMD went fully fabless and later used TSMC to build competitive chips, recovering from years of losses.
Sony is making a lighter version of the same move: keep the design, share the factory. AMD shows going fab-light can free a design company to compete harder.
