Debevoise & Plimpton LLP is advising J.P. Morgan Securities as financial advisor to AMD in its joint venture with Nantong Fujitsu Microelectronics Co., Ltd (“NFME”). The $436 million agreement combines AMD’s high-volume assembly, test, mark, and pack (“ATMP”) facilities and experienced workforce in Penang, Malaysia and Suzhou, China with NFME’s established outsourced semiconductor assembly and test expertise.
Upon close, the new business will leverage the capabilities of 5 facilities and approximately 5,800 employees to offer differentiated ATMP capabilities and scale to service a broad range of customers. The transaction is expected to close in the first half of 2016, pending successful completion of regulatory approvals.
The Debevoise team is led by partner Michael A. Diz and includes associate Andrew G. Jamieson.
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