AMD Denies Speculation of Breakup, Spinoff
Reports indicate the chip maker is considering splitting the company, but a spokesperson says the vendor is sticking with plans laid out last month.
Advanced Micro Devices officials have a plan for how to get the chip maker back into sustainable profitability, a strategy that they laid out for financial analysts and journalists during a meeting in New York City last month.
However, spinning off a business or breaking the company in two reportedly is not part of the plan. Citing three unnamed sources "familiar with the matter," Reuters reported June 19 that CEO Lisa Su and other executives were in the early stages of reviewing whether to spin off a business or split in two, including possibly separating its graphics and licensing business from its server chip unit.
