Tuesday, October 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple, Samsung Heading to Court Again
Apple Praises TSMC's Investments, Says iPhones Will be AI an Platform
ARM Boosts IoT Security With Platform Security Architecture
Kaspersky Lab Seeks To Restore Reliability By Opening Software to Review
Pay with Google Speeds Up Checkout
Tesla Said to Set up China Plant
ASUS VivoBook E203 Windows 10 S Laptop Now Available for $229
Sony Releases 7.42 Effective Megapixel Stacked CMOS Image Sensor for Automotive Cameras
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
AMD Unveils the Embedded Radeon E9170 GPU Based on Polaris Architecture
AMD's Ryzen Threadripper CPUs Get NVMe RAID Support
AMD 'Pinnacle Ridge' Series of 12nm Ryzen Processors Coming Early 2018
AMD Zen 2 "Matisse" Architecture Coming in 2019: report
GPU Shipments Increased from Previous Quarter
AMD Radeon RX Vega Graphics Cards and Radeon Packs Available Now
AMD Launches the Ryzen Threadripper High End Desktop Processors
AMD's new Threadripper 1900X Costs $549
AMD's Radeon RX Vega 64 will cost $499, Radeon RX Vega 56 is $100 Cheaper
AMD Completes Ryzen Mainstream Desktop Lineup with the Affordable Ryzen 3 processors
GPUs and Ryzen Processors Help AMD's Financial Figures
AMD Tests Memory Overclocking On Ryzen Systems

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .