Feb. 6, 2002 – Sunnyvale, CA – AMD will acquire Alchemy Semiconductor, a privately held company that designs, develops, and markets high-performance, low-power MIPS-based microprocessors for personal connectivity devices such as PDAs, Web tablets, and portable and wired Internet access devices and gateways. The acquisition is expected to be completed during 1Q02.
“The market for Internet access devices and gateways is one of our industry’s great growth opportunities,” said Hector Ruiz, president and COO of AMD. “Today our customers are looking to AMD for non-PC solutions in addition to PC solutions for Internet access. By joining forces, AMD and Alchemy can supply the building blocks of connectivity — computing solutions from Alchemy coupled with wired and wireless technologies and flash memory devices from AMD.”
AMD has established the Personal Connectivity Solutions business unit to focus on products for non-PC connectivity devices. William Edwards, is VP and GM of the new business unit.
Edwards previously served as CEO of Hesson Labs and as senior VP of Motorola.