Editing AMD (section)

=== 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>