Empresas y finanzas

AMD'S Proposed Acquisition of ATI Receives Merger Control Clearance in Taiwan



    Advanced Micro Devices, Inc. (NYSE: AMD) and ATI Technologies Inc.
    (TSX: ATY) (NASDAQ: ATYT) today announced that the Fair Trade
    Commission of Taiwan has cleared the proposed acquisition of ATI by
    AMD.

    The proposed acquisition, announced on July 24, 2006, still
    remains subject to the approval of ATI shareholders, court approval of
    the plan of arrangement, approval by the Minister of Industry under
    the Investment Canada Act and other customary closing conditions.
    Subject to satisfaction or waiver of these conditions, the transaction
    is expected to be completed prior to the end of October 2006.

    AMD and ATI also disclosed that they have agreed to a technical
    amendment to the Plan of Arrangement that clarifies that the "Parent
    Closing Stock Price" is the volume weighted average trading price,
    rounded to the nearest cent, of AMD's Common Stock for the 10 trading
    days immediately prior to (but excluding) the effective date (as
    defined in the plan of arrangement). The timing of the period begins
    at 9:30 a.m. EDT on the first day through 4:30 p.m. EDT on the last
    day of the 10 trading-day period. This volume weighted average trading
    price will be determined using the "Bloomberg VWAP" on the
    Volume-Weighted Average Quote

    Recap page of Bloomberg or, if the Bloomberg VWAP is not
    available, using another reputable source as decided by AMD and ATI.

    About AMD

    Advanced Micro Devices (NYSE: AMD) is a leading global provider of
    innovative microprocessor solutions for computing, communications and
    consumer electronics markets. Founded in 1969, AMD is dedicated to
    delivering superior computing solutions based on customer needs that
    empower users worldwide. For more information visit www.amd.com.

    About ATI

    ATI Technologies Inc. is a world leader in the design and
    manufacture of innovative 3D graphics, PC platform technologies and
    digital media silicon solutions. An industry pioneer since 1985, ATI
    is the world's foremost graphics processor unit (GPU) provider and is
    dedicated to deliver leading-edge performance solutions for the full
    range of PC and Mac desktop and notebook platforms, workstation,
    set-top and digital television, game console and handheld device
    markets. With fiscal 2005 revenues of US $2.2 billion, ATI has
    approximately 4,000 employees in the Americas, Europe and Asia. ATI
    common shares trade on NASDAQ (ATYT) and the Toronto Stock Exchange
    (ATY).

    Safe Harbor Statement

    This release contains forward-looking statements, which are made
    pursuant to the safe harbor provisions of the U.S. Private Securities
    Litigation Reform Act of 1995. Forward-looking statements are commonly
    identified by words such as "proposed," "may," "expected," and other
    terms with similar meaning. Forward-looking statements are based on
    current beliefs, assumptions and expectations and speak only as of the
    date of this release and involve risks and uncertainties that could
    cause actual results of AMD, ATI or the combined company to differ
    materially from current expectations. The material factors and
    assumptions that could cause actual results to differ materially from
    current expectations include, without limitation, the following:
    delays in obtaining regulatory approvals; failure to obtain approval
    of ATI shareholders or the court of the Plan of Arrangement; actions
    that may be taken by the competitors, customers and suppliers of AMD
    or ATI that may cause the transaction to be delayed or not completed;
    revenue, cost savings, growth prospects and any or other synergies
    expected from the proposed transaction may not be fully realized or
    may take longer to realize than expected; the transaction may not be
    accretive as expected; AMD or the combined company may not achieve any
    year-end or longer-term targeted gross margins, research and
    development expenses, selling, general or administrative expenses,
    operating margins, capital structure or debt-to-capitalization ratio;
    AMD or the combined company may require additional capital and may not
    be able to raise sufficient capital, on favorable terms or at all;
    delays associated with integrating the companies, including employees
    and operations, after the transaction is completed; the possible
    impairment of goodwill and other long-lived assets resulting from the
    transaction and the resulting impact on the combined company's assets
    and earnings; unexpected variations in market growth and demand for
    the combined company's products and technologies; rapid and frequent
    technology changes in the computing and consumer electronics segments;
    potential constraints on the ability to develop, launch and ramp new
    products on a timely basis; research and development costs associated
    with the development of new products and other factors that may affect
    future results of the combined company described in the section
    entitled "Risk Factors" in the management information circular that
    was mailed to ATI's shareholders and in AMD and ATI's filings with the
    U.S. Securities and Exchange Commission ("SEC") that are available on
    the SEC's web site located at http://www.sec.gov, including the
    section entitled "Risk Factors" in AMD' s Form 10-Q for the fiscal
    quarter ended July 2, 2006 and the section entitled "Risks and
    Uncertainties" in Exhibit 1 to ATI's Form 40-F for the fiscal year
    ended August 31, 2005. Please see Item 3.12 "Narrative Description of
    the Business - Risks and Uncertainties" in ATI's 2005 Annual
    Information Form and the Risks and Uncertainties section of ATI's
    annual MD&A on page 30 of ATI's 2005 Annual report filed on the SEDAR
    website maintained by the Canadian Securities Administrators at
    http://www.sedar.com. Readers are strongly urged to read the full
    cautionary statements contained in those materials. We assume no
    obligation to update or revise any forward-looking statement, whether
    as a result of new information, future events or any other reason.

    Additional Information

    In connection with the proposed transaction, ATI has filed a
    management information circular with the Canadian securities
    regulatory authorities. Investors and security holders are urged to
    read the management information circular because it contains important
    information about AMD, ATI and the transaction. Investors and security
    holders may obtain the management information circular free of charge
    on the SEDAR website maintained by the Canadian Securities
    Administrators at http://www.sedar.com as well as on the SEC's website
    located at http://www.sec.gov. Investors and security holders may
    obtain any documents relating to the transaction filed by AMD with the
    SEC free of charge at the SEC's website located at http://www.sec.gov
    and filed by ATI on SEDAR at http://www.sedar.com.