AMD are having a hard time right now, their CPUs are not selling at anywhere near the meteoric levels of competitor Intel, and their graphics division are having increased competition from NVIDIA. Now we have reports from Reuters that AMD is consulting with JP Morgan Chase & Co, where they’re currently exploring their potential options.
These options could, unfortunately, be a sale of the company. AMD stock dropped 18% when the news hit the wire. Options given to AMD could include the sale of its portfolio of patents in order to raise up some cash, or we could see another, bigger company completely acquire the entire company – but this would be a stretch, but it’s definitely not off the table.
After this news broke, the chipmaker denied that they are not for sale, stating to TheStreet, “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. AMD is not actively pursuing a sale of the company or significant assets at this time”.
Just this year alone, AMD stock is down 61.3%. Remember, AMD have products in all three of the next-gen consoles from Nintendo, Microsoft and Sony – so while they’re down now, they’re definitely not out. The PC market is changing, and AMD are having to change with it.
Source: Reuters
SOUNDS GREAT – Full stereo sound (12W peak power) gives your setup a booming audio…
Special Edition Yoshi design Ergonomic controller shape with Nintendo Switch button layout Detachable 10ft (3m)…
Fluid Motion: These flight rudder pedals are smooth and accurate that enable precise control over…
Heavy Equipment Bundle: Includes a steering wheel for heavy machinery, gas and brake pedals, and…
Low-profile Keys for an ergonomic gaming experience. With slimmer keycaps and shorter switches, enjoy natural…
Size & style: Ambidextrous lightweight mouse for gaming. Built for speed, control and comfort, with…