Key Developments: Advanced Micro Devices Inc (AMD)
21 Nov 2014
Latest Key Developments (Source: Significant Developments)
Advanced Micro Devices Inc announced that it has appointed Devinder Kumar as senior vice president and chief financial officer, effective Jan. 2, 2013. Kumar, 57, will report to Rory Read, AMD president and chief executive officer, and will have responsibility for leading the company's global finance organization. Kumar has been interim CFO since September 2012. He served as corporate controller of the company since 2001 and as senior vice president since 2006. Full Article
Business Standard reported that Advanced Micro Devices Inc is putting up for sale its Austin, Texas campus to raise cash. AMD said it will sell and lease back its 58-acre Austin, Texas campus for $150 million to $200 million. It hopes to close the deal in the second quarter of 2013. Full Article
SAN FRANCISCO - Advanced Micro Devices Inc said it hired a former Dell Inc [DI.UL] senior executive to lead the chipmaker's push into microservers and other new markets.