XGI stays its own

THERE have been a lot of rumours about ATI and XGI. The smaller graphics player was acquired by ATI but the red boys just took over the Shanghai and USA based teams. We are talking about roughly 100 people in China and much less in the USA. ATI didn’t want to keep all of the expensive USA people so it dispensed with some jobs.

XGI actually was trying to find the way to exit the graphic business. The key shareholders, UMC and SIS, wanted to find a way out and ATI showed up with the cash and that’s what happened.