AMD Announces Completion of Alchemy Acquisition

2/19/2002 - Advanced Micro Devices, Inc. announced today that it has completed the acquisition of Alchemy Semiconductor, Inc., a privately held company that designs, develops and markets low-power, high performance microprocessors for personal connectivity devices such as personal digital assistants (PDAs), web tablets, and portable and wired internet access devices and gateways. The acquisition was structured as a cash transaction, pursuant to which AMD made cash payments of approximately $50 million to Alchemy stockholders and outstanding creditors.

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