AMD, IBM extend technology pact

@ 2004/09/22
By Carolyn Pritchard, CBS MarketWatch.com
Last Update: 9:29 PM ET Sep 21, 2004

SAN FRANCISCO (CBS.MW) - Advanced Micro Devices and IBM have extended a chip-manufacturing technology agreement for an additional three years, according to a Tuesday filing with the U.S. Securities and Exchange Commission.

The contract, had been due to expire next year, will see AMD (AMD) pay IBM (IBM) fees from $250 million to $280 million from September 2004 through December 2008, while AMD gets access to chip technologies developed by IBM.

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