AMD Hires JP Morgan, Exploring Options To Save It From Being At Halt

Posted on Nov 14 2012 - 6:42am by Editorial Staff

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Reuters is reporting that AMD hires JP Morgan in order to explore options, including possible outright sale.  The publication sources stated that AMD is not looking for an outright sale, considering it not as a priority, while other options for AMD may include a sale of its patents portfolio.

AMD said in an email to Reuters, “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.”

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.