Editing AMD (section)

== History ==
[[File:1amdplace.jpg|thumb|AMD's former headquarters in [[Sunnyvale, California]] (demolished in 2019)]]
[[File:AMDmarkham4.jpg|thumb|AMD's campus in [[Markham, Ontario|Markham]], Ontario, Canada, formerly [[ATI Technologies|ATI]] headquarters]]
[[File:AMD Austin campus.JPG|thumb|right|AMD's [[Leadership in Energy and Environmental Design|LEED-certified]] Lone Star campus in [[Austin, Texas]]<!-- DO NOT LINK SEPARATELY, see [[MOS:GEOLINK]] for further guidance -->]]

=== Foundational years ===
Advanced Micro Devices was formally incorporated by [[Jerry Sanders (businessman)|Jerry Sanders]], along with seven of his colleagues from [[Fairchild Semiconductor]], on May 1, 1969.<ref>The other founding members were [[Edwin Turney|Ed Turney]], John Carey, Sven Simonsen, [[Jack Gifford (businessman)|Jack Gifford]] and three members from Gifford's team: Frank Botte, Jim Giles, and Larry Stenger.</ref><ref>Rodengen, p. 30.</ref> Sanders, an [[electrical engineer]] who was the director of marketing at Fairchild, had, like many Fairchild executives, grown frustrated with the increasing lack of support, opportunity, and flexibility within the company. He later decided to leave to start his own [[semiconductor]] company,<ref>[https://web.archive.org/web/20030501040300/http://www.businessweek.com/pdfs/fairkid.pdf "Fairchild's Offspring"]. ''[[Business Week]]''. August 25, 1997. p. 84.</ref> following the footsteps of [[Robert Noyce]] (developer of the first silicon [[integrated circuit]] at Fairchild in 1959)<ref>Mueller, Scott. [https://books.google.com/books?id=gXaRdKyD4PsC&pg=PA6 ''Upgrading and Repairing PCs'']. Que Publishing, 2013. p. 6.</ref> and [[Gordon Moore]], who together founded the semiconductor company [[Intel]] in July 1968.<ref name="abc">[[Michael S. Malone|Malone, Michael S.]] [https://abcnews.go.com/Business/story?id=86632&page=1&singlePage=true "Silicon Insider: AMD-Intel Feud Continues"]. ''[[ABC News (United States)|ABC News]]''. April 24, 2003.</ref>

In September 1969, AMD moved from its temporary location in [[Santa Clara, California|Santa Clara]] to [[Sunnyvale, California]].<ref>Rodengen, p. 36.</ref> To immediately secure a customer base, AMD initially became a [[second source]] supplier of microchips designed by Fairchild and [[National Semiconductor]].<ref name="directory">Pederson, Jay P. [http://www.fundinguniverse.com/company-histories/advanced-micro-devices-inc-history/ ''International Directory of Company Histories'', Vol. 30] {{Webarchive|url=https://web.archive.org/web/20140719091859/http://www.fundinguniverse.com/company-histories/advanced-micro-devices-inc-history/ |date=July 19, 2014 }}. St. James Press, 2000.</ref><ref>Rodengen, p. 35.</ref> AMD first focused on producing logic chips.<ref>Rodengen, pp. 37–38.</ref> The company guaranteed quality control to [[MIL-STD-883|United States Military Standard]], an advantage in the early computer industry since unreliability in microchips was a distinct problem that customers – including [[computer manufacturer]]s, the [[telecommunications industry]], and instrument manufacturers – wanted to avoid.<ref name=directory /><ref name="singer">Singer, Graham. [http://www.techspot.com/article/599-amd-rise-and-fall/ "The Rise and Fall of AMD"]. TechSpot. November 21, 2012.</ref><ref>Rodengen, pp. 35, 38, 41, 42.</ref><ref name="svh">[http://www.siliconvalleyhistorical.org/#!amd-company-history/csut AMD Corporation] {{Webarchive|url=https://web.archive.org/web/20201112025526/https://www.siliconvalleyhistorical.org/#!amd-company-history/csut |date=November 12, 2020 }}. [[Silicon Valley Historical Association]]. 2008.</ref>

In November 1969, the company manufactured its first product: the Am9300, a [[4-bit computing|4-bit]] [[Integrated circuit#SSI, MSI and LSI|MSI]] [[shift register]], which began selling in 1970.<ref name=svh /><ref>Rodengen, pp. 36, 38.</ref> Also in 1970, AMD produced its first proprietary product, the Am2501 logic counter, which was highly successful.<ref name="lojek220">Lojek, Bo. [https://books.google.com/books?id=2cu1Oh_COv8C&pg=PA220 ''History of Semiconductor Engineering''].
Springer Science & Business Media, 2007. p. 220.</ref><ref name="history">[https://www.amd.com/en-us/who-we-are/corporate-information/history Our History]. ''AMD.com''.</ref> Its bestselling product in 1971 was the Am2505, the fastest [[Binary multiplier|multiplier]] available.<ref name=lojek220 /><ref name="rodengen41">Rodengen, p. 41.</ref>

In 1971, AMD entered the [[Random-access memory|RAM]] chip market, beginning with the Am3101, a [[64-bit computing|64-bit]] bipolar RAM.<ref name=rodengen41 /><ref>[https://books.google.com/books?id=UmZJAQAAIAAJ&q=%22am3101%22+%22ram%22 ''Electronic Design'', Volume 19, Part 3]. Hayden Publishing Company, 1971. p. 227.</ref> That year AMD also greatly increased the sales volume of its linear integrated circuits, and by year-end the company's total annual sales reached US$4.6&nbsp;million.<ref name=lojek220 /><ref>Rodengen, pp. 42, 43.</ref>

AMD went public in September 1972.<ref name=directory /><ref>Rodengen, p. 45.</ref><ref>Walker, Rob. [http://silicongenesis.stanford.edu/transcripts/sanders.htm "Interview with W. Jerry Sanders"] {{Webarchive|url=https://web.archive.org/web/20140102192309/http://silicongenesis.stanford.edu/transcripts/sanders.htm |date=January 2, 2014 }}. ''Silicon Genesis''. [[Stanford University]]. October 18, 2002.</ref> The company was a second source for Intel [[MOSFET|MOS]]/[[Large Scale Integration|LSI]] circuits by 1973, with products such as Am14/1506 and Am14/1507, dual 100-bit dynamic shift registers.<ref>Rodengen, p. 46.</ref><ref>[https://books.google.com/books?id=qVRNAAAAYAAJ&q=%22am14/1506%22/1506%22 ''MOS/LSI Data Book'']. Advanced Micro Devices, 1980. pp. 5–1, 5–2, B-8.</ref> By 1975, AMD was producing 212 products – of which 49 were proprietary, including the Am9102 (a [[Static random-access memory|static]] [[N-type semiconductor|N-channel]] 1024-bit RAM)<ref>[https://books.google.com/books?id=RHFJAQAAIAAJ&q=%22am9102%22+AMD ''Electrical Design News, Volume 19, Issues 13–24'']. Rogers Publishing Company, 1974. p. 86.</ref> and three low-power [[Schottky barrier|Schottky]] [[Mid-scale integration|MSI]] circuits: Am25LS07, Am25LS08, and Am25LS09.<ref name="rodengen55">Rodengen, p. 55.</ref>

Intel had created the first [[microprocessor]], its 4-bit [[Intel 4004|4004]], in 1971.<ref>Venkata Ram, S.K. [https://books.google.com/books?id=MUI1ioZrnzcC&pg=PA3 ''Advanced Microprocessor & Microcontrollers'']. Firewall Media, 2004. p. 3.</ref><ref>[https://web.archive.org/web/20130207174740/http://www.pbs.org/wgbh/americanexperience/features/transcript/silicon-transcript/ Transcript: ''Silicon Valley'' (documentary)]. ''[[American Experience]]''. [[PBS]]. 2013.</ref> By 1975, AMD entered the microprocessor market with the [[AMD Am9080|Am9080]], a [[reverse engineering|reverse-engineered]] clone of the [[Intel 8080]],<ref>{{cite web |date=December 29, 1997 |title=Interview with Shawn and Kim Hailey |url=http://silicongenesis.stanford.edu/transcripts/hailey.htm |url-status=dead |archive-url=https://web.archive.org/web/20131111155525/http://silicongenesis.stanford.edu/transcripts/hailey.htm |archive-date=November 11, 2013 |access-date=October 20, 2014 |publisher=Stanford University Libraries}}</ref><ref name="rodengen50">Rodengen, p. 50.</ref><ref>Hitt, Michael; Ireland, R. Duane; Hoskisson, Robert. [https://books.google.com/books?id=Hxj4qCuHNPQC&pg=PA41 ''Strategic Management: Competitiveness and Globalization, Cases, Volume 2'']. Cengage Learning, 2008. p. 41.</ref> and the [[AMD Am2900|Am2900]] [[bit-slice]] microprocessor family.<ref name=rodengen50 /> When Intel began installing [[microcode]] in its microprocessors in 1976, it entered into a [[cross-licensing]] agreement with AMD, which was granted a copyright license to the microcode in its microprocessors and peripherals, effective October 1976.<ref name=rodengen55 /><ref>Lennon, Michael J. [https://books.google.com/books?id=i3MLYUjRWisC&pg=SA4-PA36 ''Drafting Technology Patent License Agreements'']. Aspen Publishers Online, 2007. p. 4-36.</ref><ref>Pane, Patricia J. and Barbara Darrow. [https://books.google.com/books?id=VTwEAAAAMBAJ&pg=PT6 "AMD Asserts Right to Distribute Intel Code"]. ''[[InfoWorld]]''. October 1, 1990. p. 5.</ref><ref name="justia1994">[http://law.justia.com/cases/california/supreme-court/4th/9/362.html Advanced Micro Devices, Inc. v. Intel Corp. (1994)]. No. S033874. December 30, 1994. ''Justia.com''. Retrieved October 25, 2014.</ref><ref name="sec1996">[https://www.sec.gov/litigation/admin/3437730.txt SECURITIES EXCHANGE ACT OF 1934: RELEASE No. 37730]. [[Securities and Exchange Commission]]. ''Sec.gov''. September 26, 1996. (Accessed October 25, 2014.)</ref>

{{anchor|AMC}}In 1977, AMD entered into a joint venture with [[Siemens]], a German engineering conglomerate wishing to enhance its technology expertise and enter the American market.<ref name="malerba">Malerba, Franco. [https://books.google.com/books?id=pC1oHOTnaLAC&pg=PA166 ''The Semiconductor Business: The Economics of Rapid Growth and Decline'']. University of Wisconsin Press, 1985. p. 166.</ref> Siemens purchased 20% of AMD's stock, giving the company an infusion of cash to increase its product lines.<ref name=malerba /><ref>Rodengen, pp. 59–60.</ref><ref>[https://books.google.com/books?id=liUrAAAAYAAJ&pg=PA53 ''Reindustrialization Or New Industrialization: Minutes of a Symposium, January 13, 1981, Part 3'']. National Academies, 1981. p. 53.</ref> The two companies also jointly established Advanced Micro Computers (AMC), located in Silicon Valley and in Germany, allowing AMD to enter the [[microcomputer]] development and manufacturing field,<ref name=malerba /><ref name="rodengen60">Rodengen, p. 60.</ref><ref>[http://californiafirm.us/advanced-micro-computers-inc.nhd7.california-company-profile.html ADVANCED MICRO COMPUTERS, INC.] {{webarchive|url=https://web.archive.org/web/20141104070612/http://californiafirm.us/advanced-micro-computers-inc.nhd7.california-company-profile.html |date=November 4, 2014 }}. ''CaliforniaFirm.us''.</ref><ref>[http://www.californiacompanieslist.com/advanced-micro-computers-inc-cje0/ ADVANCED MICRO COMPUTERS, INC.] {{Webarchive|url=https://web.archive.org/web/20141104095752/http://www.californiacompanieslist.com/advanced-micro-computers-inc-cje0/ |date=November 4, 2014 }}. ''CaliforniaCompaniesList.com''.</ref> in particular based on AMD's second-source [[Zilog]] [[Z8000]] microprocessors.<ref name=freiberger /><ref>[https://books.google.com/books?id=4W1VAAAAMAAJ&q=%22advanced+micro+computers%22+z8000+OR+zilog ''Mini-micro Systems'', Volume 15]. Cahners Publishing Company, 1982. p. 286.</ref> When the two companies' vision for Advanced Micro Computers diverged, AMD bought out Siemens' stake in the American division in 1979.<ref>Rodengen, p. 62.</ref><ref>"Siemens and Advanced Micro Devices Agree to Split Joint Venture". ''[[The Wall Street Journal]]''. February 14, 1979. p. 38.</ref> AMD closed Advanced Micro Computers in late 1981 after switching focus to manufacturing second-source Intel x86 microprocessors.<ref name="freiberger">Freiberger, Paul. [https://books.google.com/books?id=zC8EAAAAMBAJ&pg=PA28 "AMD sued for alleged misuse of subsidiary's secrets"]. ''[[InfoWorld]]''. June 20, 1983. p. 28.</ref><ref name="swaine">Swaine, Michael. [https://books.google.com/books?id=SD0EAAAAMBAJ&pg=PA78 "Eight Companies to produce the 8086 chip"]. ''[[InfoWorld]]''. November 30, 1981. p. 78.</ref><ref>Rodengen, p. 73.</ref>

Total sales in [[fiscal year]] 1978 topped $100&nbsp;million,<ref name=rodengen60 /> and in 1979, AMD debuted on the [[New York Stock Exchange]].<ref name=history /> In 1979, production also began on AMD's new [[semiconductor fabrication plant]] in [[Austin, Texas]];<ref name=history /> the company already had overseas assembly facilities in [[Penang]] and [[Manila]],<ref>Rodengen, p. 59.</ref> and began construction on a fabrication plant in [[San Antonio]] in 1981.<ref name="HittC26">Hitt, Michael; Ireland, R. Duane; Hoskisson, Robert. [https://books.google.com/books?id=gZ60WQm54CoC&pg=PT498 ''Strategic Management: Concepts and Cases'']. Cengage Learning, 2006. p. C-26.</ref> In 1980, AMD began supplying semiconductor products for telecommunications, an industry undergoing rapid expansion and innovation.<ref>Rodengen, pp. 65, 71–72, 79–80.</ref>

=== Intel partnership ===
[[Intel]] had introduced the first [[x86]] microprocessors in 1978.<ref>Sanchez, Julio, and Maria P. Canton. [https://books.google.com/books?id=jtKc0k5BWA8C&pg=PA95 ''Software Solutions for Engineers and Scientists''].
CRC Press, 2007. p. 95.</ref> In 1981, [[IBM]] created its [[IBM Personal Computer|PC]], and wanted Intel's x86 processors, but only under the condition that Intel would also provide a [[second-source]] manufacturer for its patented x86 microprocessors.<ref name=singer /> Intel and AMD entered into a 10-year technology exchange agreement, first signed in October 1981<ref name=swaine /><ref>[http://www.cpu-world.com/CPUs/8086/MANUF-AMD.html AMD 8086 microprocessor family], ''CPU World''. (Accessed November 3, 2014.)</ref> and formally executed in February 1982.<ref name=sec1996 /> The terms of the agreement were that each company could acquire the right to become a second-source manufacturer of semiconductor products developed by the other; that is, each party could "earn" the right to manufacture and sell a product developed by the other, if agreed to, by exchanging the manufacturing rights to a product of equivalent technical complexity. The technical information and licenses needed to make and sell a part would be exchanged for a royalty to the developing company.<ref name=justia1994 /> The 1982 agreement also extended the 1976 AMD–Intel cross-licensing agreement through 1995.<ref name=justia1994 /><ref name=sec1996 /> The agreement included the right to invoke arbitration of disagreements, and after five years the right of either party to end the agreement with one year's notice.<ref name=justia1994 /> The main result of the 1982 agreement was that AMD became a second-source manufacturer of Intel's x86 microprocessors and related chips, and Intel provided AMD with database tapes for its [[8086]], [[80186]], and [[80286]] chips.<ref name=sec1996 /> However, in the event of a bankruptcy or takeover of AMD, the cross-licensing agreement would be effectively canceled.<ref>{{cite web|title=Patent Cross License Agreement|url=https://www.sec.gov/Archives/edgar/data/2488/000119312509236705/dex102.htm|date=November 11, 2009|access-date=February 2, 2021|website=[[U.S. Securities and Exchange Commission]]}}</ref>

Beginning in 1982, AMD began volume-producing second-source Intel-licensed 8086, 8088, 80186, and 80188 processors, and by 1984, its own [[Am286]] clone of Intel's 80286 processor, for the rapidly growing market of IBM PCs and [[IBM clone]]s.<ref name=singer /><ref>Ziberg, Christian. [http://www.tgdaily.com/trendwatch-features/39628-timeline-how-amd-changed-over-the-past-39-years "Timeline: How AMD changed over the past 39 years"] {{Webarchive|url=https://web.archive.org/web/20141113081521/http://www.tgdaily.com/trendwatch-features/39628-timeline-how-amd-changed-over-the-past-39-years |date=November 13, 2014 }}. ''TGDaily''. October 7, 2008.</ref> It also continued its successful concentration on proprietary [[bipolar junction transistor|bipolar]] chips.<ref>[http://www.encyclopedia.com/topic/Advanced_Micro_Devices_Inc.aspx ''International Directory of Company Histories'']. 1992.</ref>

The company continued to spend greatly on research and development,<ref>Rodengen, pp. 73, 78–80.</ref> and created the world's first 512K [[EPROM]] in 1984.<ref>Rodengen, p. 80.</ref> That year, AMD was listed in the book ''The 100 Best Companies to Work for in America'',<ref name=HittC26 /><ref>Levering, Robert; Moskowitz, Milton; Katz, Michael. ''The 100 Best Companies to Work for in America''. Addison-Wesley, 1984.</ref> and later made the [[Fortune 500|''Fortune'' 500]] list for the first time in 1985.<ref>[https://money.cnn.com/magazines/fortune/fortune500_archive/full/1985/401.html 1985 Full list] . [[Fortune 500|''Fortune'' 500]]. ''[[Fortune (magazine)|Fortune]]'' archive.</ref><ref>Rodengen, p. 85.</ref>

By mid-1985, the microchip market experienced a severe downturn, mainly due to long-term aggressive trade practices ([[dumping (pricing policy)|dumping]]) from Japan, but also due to a crowded and non-innovative chip market in the United States.<ref>Rodengen, pp. 85–87.</ref> AMD rode out the mid-1980s crisis by aggressively innovating and modernizing,<ref>Rodengen, pp. 86, 90, 95, 99.</ref> devising the Liberty Chip program of designing and manufacturing one new chip or chipset per week for 52 weeks in [[fiscal year]] 1986,<ref name=HittC26 /><ref>Rodengen, pp. 90–91.</ref> and by heavily lobbying the U.S. government until sanctions and restrictions were put in place to prevent predatory Japanese pricing.<ref>Rodengen, pp. 87–88, 97–99.</ref> During this time, AMD withdrew from the [[DRAM]] market,<ref>Rodengen, p. 97.</ref> and made some headway into the [[CMOS]] market, which it had lagged in entering, having focused instead on bipolar chips.<ref>Rodengen, p. 91.</ref>

AMD had some success in the mid-1980s with the AMD7910 and AMD7911 "World Chip" [[frequency-shift keying|FSK]] modem, one of the first multi-standard devices that covered both Bell and [[ITU-T|CCITT]] tones at up to 1200 baud half duplex or 300/300 full duplex.<ref>[https://books.google.com/books?id=-Yo_AQAAIAAJ&q=%22amd%22+%22world+chip%22 ''Computer Design, Volume 25, Issues 13–22'']. Computer Design Publishing Corporation, 1986. p. 14.</ref> Beginning in 1986, AMD embraced the perceived shift toward [[RISC]] with their own [[AMD Am29000]] (29k) processor;<ref>Rodengen, p. 100.</ref> the 29k survived as an [[embedded processor]].<ref>{{Citation |last=Mann |first=Daniel |title=Evaluating and Programming the 29K RISC Family |url=http://datasheets.chipdb.org/AMD/29K/29kprog.pdf |year=1995 |archive-url=https://web.archive.org/web/20070927060927/http://www.amd.com/epd/29k/29kprog/29kprog.pdf |publisher=Advanced Micro Devices |archive-date=September 27, 2007}}</ref><ref>Pflanz, Matthias. [https://books.google.com/books?id=FXWJ61To3iYC&pg=PA23 ''On-line Error Detection and Fast Recover Techniques for Dependable Embedded Processors'']. Springer Science & Business Media, 2002. p. 23.</ref> The company also increased its [[EPROM]] memory market share in the late 1980s.<ref>Rodengen, pp. 121–122.</ref> Throughout the 1980s, AMD was a second-source supplier of Intel x86 processors. In 1991, it introduced its 386-compatible [[Am386]], an AMD-designed chip. Creating its own chips, AMD began to compete directly with Intel.<ref>[https://www.pcmag.com/encyclopedia/term/37710/amd AMD]. PC Encyclopedia. ''[[PC Magazine]]''.</ref>

AMD had a large, successful [[flash memory]] business, even during the [[dotcom bust]].<ref>Ruiz. p. 20.</ref> In 2003, to divest some manufacturing and aid its overall cash flow, which was under duress from aggressive microprocessor competition from Intel, AMD spun off its flash memory business and manufacturing into [[Spansion]], a joint venture with [[Fujitsu]], which had been co-manufacturing flash memory with AMD since 1993.<ref>Ruiz, pp. 54–55.</ref><ref>Spooner, John G. [http://news.cnet.com/AMD,-Fujitsu-merge-on-flash-memory/2100-1041_3-1025477.html "AMD, Fujitsu merge on flash memory"]. [[CNET]]. July 14, 2003.</ref> In December 2005, AMD divested itself of Spansion to focus on the microprocessor market, and Spansion went public in an IPO.<ref>Yi, Matthew. [http://www.sfgate.com/business/article/Spansion-spun-off-by-AMD-Money-losing-flash-2556614.php "Spansion spun off by AMD"]. ''[[San Francisco Chronicle]]''. December 17, 2005.</ref>

=== 2006–present ===
On July 24, 2006, AMD announced its acquisition of the Canadian 3D graphics card company [[ATI Technologies]]. AMD paid $4.3&nbsp;billion and 58&nbsp;million shares of its [[capital stock]], for approximately $5.4&nbsp;billion. The transaction was completed on October 25, 2006.<ref>{{cite web |date=October 25, 2006 |title=AMD Completes ATI Acquisition and Creates Processing Powerhouse |url=http://newswire.ca/en/releases/archive/October2006/25/c4187.html |url-status=dead |archive-url=https://web.archive.org/web/20071012221335/http://newswire.ca/en/releases/archive/October2006/25/c4187.html |archive-date=October 12, 2007 |publisher=NewsWire}}</ref> On August 30, 2010, AMD announced that it would retire the ATI brand name for its graphics chipsets in favor of the AMD brand name.<ref>{{cite web |title=AMD Decides to Drop the ATI Brand – Softpedia |date=August 30, 2010 |url=http://news.softpedia.com/news/AMD-Really-Dropping-the-ATI-Brand-154168.shtml |access-date=February 19, 2011 |publisher=News.softpedia.com |archive-date=August 17, 2020 |archive-url=https://web.archive.org/web/20200817173249/https://news.softpedia.com/news/AMD-Really-Dropping-the-ATI-Brand-154168.shtml |url-status=dead }}</ref><ref>{{cite web |date=August 30, 2010 |title=ATI to be re-branded as AMD – branding, ATI Radeon, ati, amd – ARN |url=http://www.arnnet.com.au/article/358774/ati_re-branded_amd/ |access-date=February 19, 2011 |publisher=Arnnet.com.au}}</ref>

In October 2008, AMD announced plans to spin off manufacturing operations in the form of [[GlobalFoundries|GlobalFoundries Inc.]], a multibillion-dollar joint venture with [[Advanced Technology Investment Company|Advanced Technology Investment Co.]], an investment company formed by the government of [[Abu Dhabi]]. The partnership and spin-off gave AMD an infusion of cash and allowed it to focus solely on chip design.<ref>{{Cite news |last=Vance |first=Ashlee |author-link=Ashlee Vance |date=October 7, 2008 |title=A.M.D. to Split Into Two Operations |work=The New York Times |url=https://www.nytimes.com/2008/10/07/technology/07chip.html |access-date=March 26, 2010}}</ref> To assure the Abu Dhabi investors of the new venture's success, AMD's CEO [[Hector Ruiz]] stepped down in July 2008, while remaining executive chairman, in preparation for becoming chairman of GlobalFoundries in March 2009.<ref>Ruiz, 159–162.</ref><ref>Gruener, Wolfgang. [http://www.tgdaily.com/business-and-law-features/41615-amd%E2%80%99s-fabs-now-on-their-own-globalfoundries "AMD's fabs now on their own: GlobalFoundries"] {{Webarchive|url=https://web.archive.org/web/20141221020940/http://www.tgdaily.com/business-and-law-features/41615-amd%E2%80%99s-fabs-now-on-their-own-globalfoundries |date=December 21, 2014 }}. ''TG Daily''. March 4, 2009.</ref> President and COO [[Dirk Meyer]] became AMD's CEO.<ref>[http://usatoday30.usatoday.com/tech/products/2008-07-17-4237049458_x.htm "At a glance: AMD's new CEO Dirk Meyer"]. [[Associated Press]]. July 17, 2008.</ref> Recessionary losses necessitated AMD cutting 1,100 jobs in 2009.<ref>Kawamoto, Dawn. [http://www.cnet.com/news/amd-to-trim-1100-jobs-initiate-temporary-pay-cuts/ "AMD to trim 1,100 jobs, initiate temporary pay cuts"]. [[CNET]]. January 16, 2009.</ref>

In August 2011, AMD announced that former [[Lenovo]] executive [[Rory Read]] would be joining the company as CEO, replacing Meyer.<ref>{{cite news|author=Dylan McGrath|work= EE Times|url=http://eetimes.com/electronics-news/4219307/AMD-appoints-former-Lenovo-exec-CEO |title=AMD appoints former Lenovo exec CEO|date= August 25, 2011|accessdate=August 25, 2011}}</ref> In November 2011, AMD announced plans to lay off more than 10% (1,400) of its employees from across all divisions worldwide.<ref>O'Gara. Maureen. [http://virtualization.sys-con.com/node/2050701 "AMD to Fire 1,400"] {{Webarchive|url=https://web.archive.org/web/20141221021304/http://virtualization.sys-con.com/node/2050701 |date=December 21, 2014 }}. ''Virtualization Journal''. November 7, 2011.</ref> In October 2012, it announced plans to lay off an additional 15% of its workforce to reduce costs in the face of declining sales revenue.<ref name="king2012">{{Citation |last=Ian King |title=AMD Forecast Misses Estimates; to Cut 15 Percent of Staff |date=October 18, 2012 |url=https://www.bloomberg.com/news/2012-10-18/amd-sales-forecast-misses-estimates-to-cut-15-percent-of-staff.html |editor-last=Tom Giles |publisher=[[Bloomberg L.P.]] |access-date=October 31, 2012}}</ref> The inclusion of AMD chips into the [[PlayStation 4]] and [[Xbox One]] were later seen as saving AMD from bankruptcy.<ref>{{Cite web |last=Tyson |first=Mark |date=2024-07-05 |title=Sony PlayStation 4 chip helped AMD avoid bankruptcy – exec recounts how 'Jaguar' chips fueled company's historic turnaround |url=https://www.tomshardware.com/pc-components/cpus/sony-playstation-4-chip-helped-amd-avoid-bankruptcy-exec-recounts-how-jaguar-chips-fueled-companys-historic-turnaround |access-date=2024-07-31 |website=Tom's Hardware |language=en}}</ref><ref>{{Cite news |last=Fox |first=Jacob |date=2024-07-05 |title=Here's your reminder how close AMD came to financial collapse and just how much we owe to the PlayStation 4 and Xbox One |url=https://www.pcgamer.com/hardware/processors/heres-your-reminder-how-close-amd-came-to-financial-collapse-and-just-how-much-we-owe-to-the-playstation-4-and-xbox-one/ |access-date=2024-07-31 |work=PC Gamer |language=en}}</ref>

AMD acquired the low-power server manufacturer [[SeaMicro]] in early 2012, with an eye to bringing out an [[Arm64]] server chip.<ref name="vance2012">{{cite web |last=Vance |first=Ashlee |date=October 30, 2012 |title=AMD Finds the Courage for Another Server Chip Gambit |url=https://www.bloomberg.com/news/articles/2012-10-30/amd-finds-the-courage-for-another-server-chip-gambit |access-date=July 29, 2020 |website=[[Bloomberg Businessweek]] |publisher=[[Bloomberg L.P.]]}}</ref>

On October 8, 2014, AMD announced that Rory Read had stepped down after three years as president and chief executive officer.<ref name="wsj.com">{{cite web |date=October 8, 2014 |title=Advanced Micro Devices CEO Rory Read Steps Down |url=https://www.wsj.com/articles/advanced-micro-devices-ceo-rory-read-steps-down-1412800319 |access-date=October 8, 2014 |work=The Wall Street Journal}}</ref> He was succeeded by [[Lisa Su]], a key lieutenant who had been chief operating officer since June.<ref>[http://bits.blogs.nytimes.com/2014/10/08/a-m-d-names-lisa-su-as-chief-executive/ A.M.D names Lisa Su as chief executive], ''Bits-Blogs, NYTimes'' October 8, 2014.</ref>

On October 16, 2014, AMD announced a new restructuring plan along with its Q3 results. Effective July 1, 2014, AMD reorganized into two business groups: Computing and Graphics, which primarily includes desktop and notebook processors and chipsets, discrete GPUs, and professional graphics; and Enterprise, Embedded, and Semi-Custom, which primarily includes server and embedded processors, dense servers, semi-custom SoC products (including [[#Partnerships|solutions for gaming consoles]]), engineering services, and royalties. As part of this restructuring, AMD announced that 7% of its global workforce would be laid off by the end of 2014.<ref>[https://www.amd.com/en-us/press-releases/Pages/press-release-2014oct16.aspx AMD Reports 2014 Third Quarter Results]. AMD. October 16, 2014. Retrieved October 20, 2014.</ref>

After the GlobalFoundries spin-off and subsequent layoffs, AMD was left with significant vacant space at 1 AMD Place, its aging Sunnyvale headquarters office complex. In August 2016, AMD's 47 years in Sunnyvale came to a close when it signed a lease with the [[Irvine Company]] for a new 220,000 sq. ft. headquarters building in Santa Clara.<ref name="DonatoWeinstein">{{Cite news |last=Donato-Weinstein |first=Nathan |date=August 19, 2016 |title=AMD moving headquarters to Santa Clara, ending 47-year history in Sunnyvale |work=Silicon Valley Business Journal |publisher=American City Business Journals |url=https://www.bizjournals.com/sanjose/news/2016/08/19/amd-moving-headquarters-to-santa-clara-ending-47.html |access-date=June 22, 2020}}</ref> AMD's new location at Santa Clara Square faces the headquarters of archrival Intel across the [[Bayshore Freeway]] and [[San Tomas Aquino Creek]]. Around the same time, AMD also agreed to sell 1 AMD Place to the Irvine Company.<ref name="SVBJ">{{Cite news |last=SVBJ Staff |date=June 17, 2020 |title=Developer buys townhome portion of under-construction project on former AMD campus in Sunnyvale |work=Silicon Valley Business Journal |publisher=American City Business Journals |url=https://www.bizjournals.com/sanjose/news/2020/06/17/irvine-co-amd-sunnyvale-homes-taylor-morrison.html |access-date=June 22, 2020}}</ref> In April 2019, the Irvine Company secured approval from the Sunnyvale City Council of its plans to demolish 1 AMD Place and redevelop the entire 32-acre site into townhomes and apartments.<ref name="SVBJ" />

In October 2020, AMD announced that it was acquiring [[Xilinx]], one of the market leaders in [[field programmable gate array]]s and [[complex programmable logic device]]s (FPGAs and CPLDs) in an all-stock transaction. The acquisition was completed in February 2022, with an estimated acquisition price of $50&nbsp;billion.<ref>{{cite web|title=AMD to Acquire Xilinx, Creating the Industry's High-Performance Computing Leader|url=https://ir.amd.com/news-events/press-releases/detail/977/amd-to-acquire-xilinx-creating-the-industrys-high?sf239269550=1|date=October 27, 2020|access-date=October 27, 2020|website=Advanced Micro Devices, Inc.|language=en}}</ref><ref>{{Cite news|last=Lee|first=Jane Lanhee|date=February 14, 2022|title=AMD closes record chip industry deal with estimated $50 billion purchase of Xilinx|language=en|work=Reuters|url=https://www.reuters.com/technology/amd-closes-biggest-chip-acquisition-with-498-bln-purchase-xilinx-2022-02-14/|access-date=February 14, 2022}}</ref>

In October 2023, AMD acquired an open-source AI software provider, Nod.ai, to bolster its AI software ecosystem.<ref name=TechCrunch>{{Cite web |last=Wiggers |first=Kyle |date=2023-10-11 |title=AMD acquires Nod.ai to bolsters its AI software ecosystem |url=https://techcrunch.com/2023/10/11/amd-acquires-nod-ai-to-bolsters-its-ai-software-ecosystem/ |access-date=2023-10-23 |website=TechCrunch |language=en-US}}</ref><ref name=CNBC/>

In January 2024, AMD announced it was discontinuing the production of all [[complex programmable logic device]]s (CPLDs) acquired through Xilinx.<ref name="cpld_eol">{{cite web|title=XCN23009 Product Discontinuation Notice (v1.0)|date=January 1, 2024|url=https://mm.digikey.com/Volume0/opasdata/d220001/medias/docus/5783/XCN23009.pdf|access-date=August 8, 2024}}</ref>

In March 2024, a rally in semiconductor stocks pushed AMD's valuation above $300B for the first time.<ref>{{Cite web |last=Grant |first=Charlie |date=1 March 2024 |title=AMD Surpasses $300 Billion Valuation |url=https://www.wsj.com/livecoverage/stock-market-today-dow-jones-02-29-2024/card/amd-charges-toward-300-billion-valuation-Swj2Q5u165U2JRDY4sIR?mod |access-date=6 March 2024 |website=Wall Street Journal}}</ref>

In July 2024, AMD announced that it would acquire the Finnish-based [[artificial intelligence]] startup company Silo AI in a $665 million all-cash deal in an attempt to better compete with AI chip market leader [[Nvidia]].<ref>{{Cite web |last=Times |first=Financial |date=2024-07-10 |title=In bid to loosen Nvidia's grip on AI, AMD to buy Finnish startup for $665M |url=https://arstechnica.com/information-technology/2024/07/in-bid-to-loosen-nvidias-grip-on-ai-amd-to-buy-finnish-startup-for-665-million/ |access-date=2024-07-10 |website=Ars Technica |language=en-us}}</ref>

In August 2024, AMD sign a deal to acquire ZT Systems for $4.9 Billion. The company creates custom computing infrastructure that is used for AI tasks.<ref>{{cite web |last1=Acton |first1=Michael |title=AMD signs $4.9 billion deal to challenge Nvidia’s AI infrastructure lead |url=https://arstechnica.com/gadgets/2024/08/amd-signs-4-9-billion-deal-to-challenge-nvidias-ai-infrastructure-lead/ |website=Ars Technica |publisher=Financial Times |access-date=18 April 2025 |language=en |date=19 August 2024}}</ref>

=== List of CEOs ===
{| class="wikitable sortable"
|-
! Name !! Years !! Position, education
|-
| [[Jerry Sanders (businessman)|Jerry Sanders]] || 1969–2002 || Founder, [[Electrical engineering|electrical engineer]]
|-
| [[Hector Ruiz]] || 2002–2008 || Electrical engineer
|-
| [[Dirk Meyer]] || 2008–2011 || [[Computer engineering|Computer engineer]]
|-
| [[Rory Read]] || 2011–2014 || [[Bachelor of Information Systems|Information Systems]]
|-
| [[Lisa Su]] || 2014–present || Electrical engineer
|}