TweakTown
Tech content trusted by users in North America and around the world
5,672 Reviews & Articles | 36,052 News Posts

RumorTT: AMD looking for a buyer, hires bank to "explore options"

Rumor: AMD considering options, including possibly courting a buyer

| Business, Financial & Legal News | Posted: Nov 13, 2012 11:20 pm

Reuters is reporting today that Advanced Micro Devices (AMD) has hired JPMorgan Chase & Co. The job they are tasked with is rumored to be explore potential options, which may be finding a buyer. AMD has been continuing to have trouble being competitive in the marketplace, with its CPU performance falling further and further behind Intel.

 

TweakTown image news/2/6/26722_1_rumortt_amd_looking_for_a_buyer_hires_bank_to_explore_options.jpg

 

According to Reuters' sources, the sale of the company is pretty low on the list of options, with others, such as a sale of its patents, being considered first. AMD, of course, has denied this statement, e-mailing Reuters and telling them that they are not actively pursuing a sale of the company or major assets.

 

"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," spokesman Drew Prairie said.

 

The marketplace would not be the same without AMD remaining as Intel would basically be left without competition in the traditional x86 market. However, both AMD and Intel were caught off guard by the rapid transition to mobile, where ARM and companies that use ARM designs have the stronghold.

NEWS SOURCE
Reuters.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below