
Intel shares advanced on the 29th of December following Third Point’s letter to the chipmaker.
American multinational semiconductor company based in Santa Clara, California and Austin, Texas that develops computer processors and related technologies for business and consumer markets.
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California and Austin, Texas that develops computer processors and related technologies for business and consumer markets. While initially it manufactured its own processors, the company later outsourced its manufacturing, a practice known as fabless, after GlobalFoundrieswas spun off in 2009. AMD’s main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations and personal computers, and embedded systems applications.
AMD is the second-largest supplier and only significant rival to Intel in the market for x86-based microprocessors. Since acquiring ATI in 2006, AMD and its competitor Nvidia have maintained a duopoly in the discrete Graphics Processing Unit (GPU) market.
Intel shares advanced on the 29th of December following Third Point’s letter to the chipmaker.
As the agreement closes in 2021 expectedly, AMD investors will possess 74% of the combined company, leaving Xilinx shareholders with 26%.
Following the impressive Q2 revenue report and a bullish call from the Bank of America, AMD may become America’s next $100 billion chip company.