AMD in Acquisition Rumors Again; Stock Rises
AMD's stock shot up more than 9 percent in Wednesday trading, which appeared to be due to market rumors that suggested AMD could be on the auction block.
Patrick Wang, an analyst with Evercore Partners said that Qualcomm and Samsung have been mentioned as possible buyers, but there was no substance to those rumors.
However, Wang noted that there may have been "a lot of short covering as volumes shot up in the afternoon" and that it was "unlikely" that AMD would receive an offer. AMD's stock ended the day at $4.40, up 9.45 percent or $0.38 from $4.02 on Tuesday. The stock increased another $0.05 or 1.14 percent in after hour trading. The gains added about $280 million to AMD's market cap, which now stands at about $3.1 billion.
An AMD takeover is one of those stories that just won't go away. Last year, there was speculation that Dell may be interested in buying AMD.
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Wolfgang Gruener is an experienced professional in digital strategy and content, specializing in web strategy, content architecture, user experience, and applying AI in content operations within the insurtech industry. His previous roles include Director, Digital Strategy and Content Experience at American Eagle, Managing Editor at TG Daily, and contributing to publications like Tom's Guide and Tom's Hardware.
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greghome If Samsung does buy AMD, it might mean the end of fab problems for AMD.... :/Reply
which sadly has been a major source of butthurt in AMD's business for quite a while now.
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nforce4max I know that VIA's x86 license is non transferable while AMD it might be but I am not sure. I have mixed feelings if Samsung or Qualcomm were to purchase AMD.Reply -
Pinhedd greghomeIf Samsung does buy AMD, it might mean the end of fab problems for AMD.... which sadly has been a major source of butthurt in AMD's business for quite a while now.Reply
The fab problems are why AMD divested from Global Foundries and partnered with TSMC instead for all their new chips.
Hopefully AMD is on track to have all 4 cylinders firing at the same time since 2006 -
rpgplayer Samsung buying AMD might be one of the best things to every happen to AMD. Samsung has a top-notch fab process and they definitely do not skimp on R&D.Reply
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pedro_mann Assuming that the x86 license can be transferred to Samsung. They would be the best suitor for AMD, hands down.Reply -
Jerky_san I think its transferable because AMD forced Intel to renegotiate on their licenses when they did AMD64Reply -
freggo I thing that Samsung and AMD would be a great combination.Reply
As for the license... transferable or not; that should be a minor point
to be worked out between Intel and Samsung if needed.
It may even get Samsung a better deal.
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computernerdforlife Samsung is in bed with a few people today: RIM software licensing, and AMD buyout offer.Reply -
rebel1280 Wow, if Samsung purchases, they will have HD, RAM, CPU and VGA.... goodbye VIA :/ Samsung may soon become the kings of the ITX platform!Reply