ATI Technologies

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ATI Technologies U.L.C., founded in 1985, is a major Canadian designer and supplier of graphics processing units and video display cards and a wholly owned subsidiary of AMD, as of October 2006.

As a fabless semiconductor company, ATI conducts research & development of chips in-house, but subcontracts the actual (silicon) manufacturing and graphics-card assembly to third-parties.

On July 24, 2006, AMD and ATI announced a plan to merge together in a deal valued at US$5.4 billion. The merger closed October 25, 2006 (Press Release). The acquisition consideration included over $2 billion financed from a loan, as well as 56 million shares of AMD stock.