AMD's asset-light hype boosts Chartered Semi
12 May 2008 | 10:27 BST
Making waves by standing still
CHARTERED SEMICONDUCTOR saw its share price rise to a four-month high on speculation it will get a boost from AMD's mooted asset-light plans.
Shares in the Singaporean chip shop were up six per cent over the weekend after AMD chairman Hector Ruiz failed to share details of his strategy at the firm's stockholder meeting last week.
AMD was Chartered Semi's second-biggest customer last year. Some investors obviously think the fab will get more AMD orders as a result of the big hive-off to come. µ
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