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AMD pretty much got out of the logic technology business with the move of logic development to Fishkill, and mostly IBM resources.

I agree with your post, but not with the above sentence. True, the process development (65nm SOI) mostly went to Fishkill, but logic development itself, as in the design/testing/tape-out of K9, is still very much done in-house. From what I understand, the process by itself is useless if the design is not done right.

AMD is still in the logic development business. It's just that now they are sharing process-development costs with IBM, at 65nm and lower.

Marcos
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