Home > Biz wanderings > The US are becoming a business venture reservoir??? AMD gives a stake to Abu Dhabi..

The US are becoming a business venture reservoir??? AMD gives a stake to Abu Dhabi..

Some time ago, the unthinkable.. a Chinese company bought the PC business of IBM (with I guess mutual satisfaction and different luck..), today the even-more unthinkable actually happens: a company from Abu Dhabi, Mubadala Development (owned by the Abu Dhabi government….) bought a stake in AMD, the US-based chip manufacturer, who clearly does not give a damn about the geo whereabouts of the investor, and happily goes with its new inflow of cash (“Pecunia non olet” used to say the Latins, aka “the money does not stink”…).

Globalisation is a factor, here, and funnily enough US government tries to control the oil business with the Army, and the oil business might eventually control the US “jewel of the Crown”, the Valley, with the dollars it gets from selling oil… who will be the fastest?!??!?!

PS… a short note on the go, before leaving!!! Report on the Banking Forum due on Monday!! Zopa was there, and a bunch of other interesting people…

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Categories: Biz wanderings
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  1. November 20, 2007 at 16:30 17

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