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September 23rd, 2004
IBM, AMD extend chip-making alliance through 2008
Advanced Micro Devices Inc. and IBM Corp. have extended their chip-manufacturing technology agreement for an additional three years, paving the way for further chip process advancements from both companies.
The contract was supposed to expire next year. Under the terms of the extended deal, AMD will pay IBM between $250 million and $280 million from September 2004 through December 2008.
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