Questions surround ex-AMD chief's alleged Galleon link
LOS ANGELES: The linking of Advanced Micro Device's former top executive to the largest US insider trading scheme in decades may raise questions about its business practices - and that of the chipmaking venture, Globalfoundries, that it spun off.
AMD and Globalfoundries - launched in 2008 and considered an unlikely contender to heavyweight rivals TSMC and UMC of Taiwan - can ill afford a major legal and corporate distraction as the contract chipmaker tries to secure a foothold in a fiercely competitive sector.
Shares in AMD, which owns a large but minority stake in the venture with Abu Dhabi investors, slid 1.9 percent in slow after-hours trade after the Wall Street Journal reported Hector Ruiz had passed on confidential information regarding the spinoff to a hedge fund manager when he was AMD's CEO.
