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Mubadala did not disclose the sale price; but the market value
of the 34.9 million shares was about $842 million based on
Monday's closing price.
The Abu Dhabi state fund, which has stakes in General Electric
and private equity firm Carlyle Group, first invested in AMD in
2007.
AMD is a supplier of standard computer microprocessors, and
rivals Intel Corp and Nvidia Corp.
Mubadala will continue to be a major shareholder in the global
semiconductor firm after the transaction, with ownership of
about 6.9 percent, once the 75 million warrants are converted to
common equity shares, the company said.
The state fund has been trimming its stake in AMD in recent
years. Mubadala had an initial stake of 12.9 percent in the
chipmaker, according to its annual report for 2017 financial
year.
"Today's transaction remains in line with Mubadala's overall
investment strategy to monetize mature holdings to deliver
attractive commercial returns," Brian Lott, a spokesman with
Mubadala said.
Converting the warrants will provide AMD with $448.5 million,
Mubadala said in a statement issued in Abu Dhabi, the capital of
the United Arab Emirates.
Mubadala Investment Co manages a $225 billion portfolio.
(Reporting by Stanley Carvalho, Writing by Maher Chmaytelli and
Hadeel Al Sayegh, Editing by Sherry Jacob-Phillips)
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