Monday, April 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon is Working on Home Robots: report
7nm Volume Production to Fuel TSMC's Profits This Year
Toshiba Weighs Memory Chip Unit Options
Google Chat Launches to compete with Apple's iMessage
ASUS ZenFone Max Pro M1 Brings Great Value Priced at Just $165
Meizu 15 series Phones Unveiled With No Notches
LG CineBeam Laser 4K Beam Projector Available For Preorder
Semiconductor Revenue Grew in 2017 as Samsung Takes Over No. 1 Position
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > AMD Den...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, November 14, 2012
AMD Denies Report The Company Is For Sale


Advanced Micro Devices (AMD) denied reports that the company's board of directors are considering selling the company or any of its assets.

Reuters reported on Tuesday afternoon that AMD has hired JPMorgan Chase & Co to explore business options, including a potential sale. Reuters cited unnamed sources saying that although sale of the company was not the main option, choises could include selling its patents.

"AMD's board and management believe that the strategy the company is currently pursuing to drive long-term growth by leveraging AMD's highly-differentiated technology assets is the right approach to enhance shareholder value," the company said in a statement. "AMD is not actively pursuing a sale of the company or significant assets at this time."

AMD faces competition from companies designing low-cost and power-efficient chips for mobile devices based on ARM Holdings' technology. AMD remains dependant on the PC industry and seems to have no cash to offer strong mobile offerings. Rival Intel has also failed to be competitive in the mobile chip market so far, although it has potential to fund research on new products to catch up.

AMD said last month it would slash 15 percent of its workforce, while devoting more resources to areas outside of its traditional PC business, including communications, industrial and gaming applications.

AMD also recently announced it has licensed technology from ARM and will use it to build low-power chips for servers. But those products aren't expected to launch until 2014.


Previous
Next
Toshiba Reopens Flooded Semiconductor Facility in Thailand        All News        Weak Economy Likely To Keep Smartphone Sales Low
Toshiba Reopens Flooded Semiconductor Facility in Thailand     General Computing News      Nokia Focuses On Mapping Services With HERE

Get RSS feed Easy Print E-Mail this Message

Related News
2nd Generation AMD Ryzen Desktop Processors Arrive to Offer Great Value
2nd Generation AMD Ryzen Processors Available April 19
AMD's Radeon RX 500X Series Is Nothing Than Rebranded Older RX 500 Cards
AMD Releases new Spectre Updates
AMD to Fix 13 processors Vulnerabilities Reported by CTS Labs Research
AMD Chips Have Security Flaws, Report Claims
AMD's Project ReSX Makes Popular Games Run Smoother
GPU Market Declined seasonally in Q4, Despite Interest in Cryptocurrency Mining
AMD Brings x86 'Zen' Architecture to the Embedded Market With new Ryzen Processors
First AMD Ryzen Desktop APUs Featuring Powerful Graphics Released
AMD EPYC Power Three New Platforms in Dell EMC PowerEdge Family
AMD's Fourth Quarter Revenue Grew 34 Percent

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .