Saturday, October 22, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
TSMC, GlobalFoundries/Samsung To Present Their 7nm CMOS Platforms At IEDM
Hon Hai Gains Apple Mac Orders From Quanta
AT&T In Advanced Talks With Time Warner On Merger
LG's Next Flagship G6 Smartphone Won't be Modular
Samsung to Exchange Galaxy Note 7 with New Galaxy S8
Qualcomm Said to Be Near A Deal With NXP
AMD Revenue Forecast Falls Short of Estimates
Microsoft Cloud Strength Highlights First Quarter Results
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.

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
AMD Revenue Forecast Falls Short of Estimates
AMD Details Radeon Pro Pipeline for VR Content Creation
AMD Collaborates with Alibaba Cloud to Deliver Cloud Computing Services Based on AMD Radeon Pro GPUs
AMD To Launch Zen Platform At CES 2017, New Socket-compatible 7th Generation Pro chips Launch Now
AMD Brings The Power Of Polaris To Embedded With New Radeon E9260 and E9550 GPUs
Mainstream Gaming PCs Powered by 7th Generation AMD A-Series Processors Debut
AMD Enters New Wafer Supply Agreement With GLOBALFOUNDRIES
AMD Increased GPU Market Share in Q2 2016
AMD Says Zen Procedssors Are Close, Outlines New Features
AMD Downgrades ARM Strategy For Servers
AMD Radeon RX 470 And RX 460 Are Shipping in Early August
AMD Radeon Pro Solid State Graphics Combines Polaris GPU With SSD Flash Memory

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .