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AMD Could Spin Off Multiple Businesses

Category: General News
Posted: 09:57AM

Reuters is reporting that AMD is considering splitting into multiple businesses "seeking to reverse its fortunes and take on rival Intel Corp, according to three people familiar with the matter." The split could occur in multiple different scenarios with AMD hiring a consulting firm to explore its options. This wouldn't be the first time that AMD has looked down this road, but new CEO Lisa Su "judged that there is merit for the company to at least consider such a possibility again." AMD has started to face pressure from a number of new companies in addition to traditional rival Intel in the CPU space and a spin off would certainly shake up the computer hardware landscape.

Source: Reuters

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