So AMD bought ATI for 5.4B only a year later wrote down 2.65B of it, valuing ATI at 2.75B in 2007. Currently AMD is worth 3B, valuing the AMD part of the company roughly zero provided ATI had at least 1% growth in each of the past nine years. Licensing out what a bit ago would&#x27;ve been the crown jewels for $.3B makes a lot of sense in these circumstances.