While looking for right partner for NexGen, Dham discovered that Advance Micro Devices (AMD) Co. was Intel's main competitor in the computer hardware industry but its micro-processor product, K5, that has been positioned to be response to Intel's Pentium Processor, had failed to deliver on its promise. Dham convinced the NexGen management to explore what appeared to be a perfect synergy for merging the two companies-NexGen had a product but no factories and process technology; whereas AMD had a factory and advanced technology but no product!His insights proved right and AMD acquired NexGen's product and process technology for a tidy sum of US$857 million.AMD's next product, K6, was built using NexGen's core technology. For a short while; it was the fastest processor in the world. It was the first time ever anybody beat Intel at its own speed game.