A.M.D. to Acquire ATI Technologies - New York Times "In a transaction that will reshape the semiconductor industry, Advanced Micro Devices Inc. announced today that it would buy ATI Technologies Inc. for $5.4 billion in cash and stock.
The deal comes as the semiconductor industry is becoming the focus of intense investor interest. Later this week, Philips Electronics plans to field final bids worth more than $10 billion apiece for its semiconductor division from three consortiums of private equity investors, people involved in that auction said. Philips had been considering an initial public offering for the unit."