Considering how poorly GloFo has performed financially since AMD's spin off, I don't know how anyone here can even make a point that it would have been better to keep the fabs for AMD. The fab business is very difficult on its own as GloFo has struggled against TSMC. AMD would not have been able to have the money necessary to invest into those fabs to make them competitive enough because even as a stand-alone, GloFo is a horribly run business right now despite tens of billions having been sunk into it by Mubadala Group with $0 net return so far:
http://mobile.reuters.com/article/idUSBREA020EG20140103?irpc=932
Going into tablets and smartphones is also a failing strategy considering Intel flushed $4.2 billion in 2014 into the toilet trying to establish the Atom brand name while NV more or less brushed aside the smartphone and tablet market, instead focusing on the faster growing in-car tech business opportunities. Small companies like AMD can't afford to use their other profitable product lines to blow $4 billion as a possible gateway into new segments.
All the other anti-AMD comments are from the same posters, some of whom hate everything AMD, even the consoles. As I said only the blind f*n***s, Intel/NV employees/sharehoders, AMD stock put/shorter owners, ex-AMD buttburt employees would want for AMD to fail leaving us with Intel and NV only. I sincerely hope AMD recovers and we get a lot more needed competition in the CPU and GPU space. It also would be nice to have AMD bid for next gen console parts as that creates more choices and competition for other bidders. Also, can't wait for 980 owners to defend their precious GM204 purchase when 390 series mops the floor with it, when some of them have all but written off AMD's GPU division.
The next 24 months will be painful but this should have been expected as their CPU and GPU architectures have aged. I know in the GPU forum, a lot of people have already written off R9 300 series. I don't judge a company's future product based on its balance sheet position or popularity or badge or blind loyalty unlike some posters here from whom nothing positive ever comes out regarding AMD discussions.