Tuesday, October 7, 2008

AMD's New "Arab" Money

Advanced Micro Devices teamed up today with IBM and Abu Dhabi to create a new global manufacturing company, The Foundry Company.

The new company will have plants in both Germany and Upstate New York. In New York alone, the company will create an estimated 14,000 new jobs. As anyone who has been to that part of that state, this is great news for the local economy which has been suffering a lot lately.

Yet, in a CNBC interview with the new CEO of the Foundry Company and AMD, the anchor TWICE questions the motives of Abu Dhabi investors in such a deal... Call me paranoid here, but would that question be raised if those investors came from Russia, China, or any other non-Arab country?

Click Here To Watch The Interview