Good on AMD for putting together the right partnership with various financing groups in Abu Dhabi. By tying together its own process technology development assets, its world-class manufacturing in Dresden, and its technology development partnership with IBM, AMD is doing itself — and the industry — a big favor. AMD gets to lower its fixed costs, making it profitable at a lower level of revenue, and it can still participate in leading-edge technology development. It gets out from under some of its debt and receives a cash infusion from a patient source. The bonus: it gets to participate in an entirely new business, a foundry that takes in knitting from other fabless semi companies. AMD sweated this deal for a long time. It wanted to enter into, not just any partnership, but the right partnership. Certainly, Samsung and other large semi companies would have been happy to have a captive processor and graphics company in the stable, but AMD wanted to continue doing what it does best: developing computer innards. By moving in this direction, the company positions itself well in both its existing business and a whole new future business. A maneuver worthy of Harry Houdini. Bravo!