Advanced Micro Devices - AMD STOCK NEWS

AMD and Xilinx announced stockholder approval for AMD's acquisition of Xilinx, aiming to merge their complementary technologies. This strategic acquisition focuses on enhancing AMD’s foothold in critical growth sectors like data centers, gaming, and automotive. AMD's CEO, Dr. Lisa Su, emphasizes that the merger will bolster AMD's role as a key partner in tech innovation. Closing of the transaction is pending on regulatory approvals, with expectations set for completion by the end of 2021.

AMD announced the launch of its Ryzen PRO 5000 Series Mobile Processors, designed for premium business laptops. These processors utilize the Zen 3 architecture, offering enhanced multi-thread performance, with the Ryzen 7 PRO 5850U boasting up to 57% more performance than competitors. The processors also feature advanced security with AMD PRO technologies and impressive battery life of up to 17.5 hours. Availability from HP and Lenovo is expected in Q2 2021, with projections indicating a tripling of AMD-powered enterprise notebooks by year-end.

AMD unveiled its new EPYC 7003 Series CPUs, led by the EPYC 7763, claiming the title of the world’s highest-performing server processor. Featuring up to 64 Zen 3 cores and enhanced security via AMD Infinity Guard, these CPUs promise up to 19% more instructions per clock. The EPYC ecosystem is set to expand significantly, with over 400 cloud instances and 100 new OEM platforms expected by year-end. Major partners like AWS, Google Cloud, and Microsoft Azure are integrating these processors into their offerings, enhancing compute density and performance for enterprise and cloud workloads.

AMD has scheduled Special Meetings for stockholders on April 7, 2021, to vote on the proposed acquisition of Xilinx. Stockholders of record as of February 10, 2021, can participate. Both companies' boards unanimously recommend voting 'FOR' the acquisition and related proposals. This merger aims to combine their strengths in CPUs, GPUs, and FPGAs, targeting growth in various sectors including data centers and gaming. The joint proxy statement has been filed with the SEC for further information.

AMD announces a digital global launch event for its new 3rd Gen AMD EPYC processors on March 15, 2021, at 8 a.m. PT / 11 a.m. ET. The event will feature presentations from key executives, including President and CEO Dr. Lisa Su, along with appearances from leading data center partners and customers. Interested individuals can access the launch on the 3rd Gen AMD EPYC launch site, and a replay will be available for one year post-event.

AMD has introduced the new Radeon RX 6700 XT graphics card, engineered for optimal 1440p gaming performance. Featuring the AMD RDNA 2 architecture, 12GB of GDDR6 memory, and AMD Infinity Cache, it offers up to 2X performance increase in select games compared to older GPUs. The card supports advanced features like ray tracing and AMD FidelityFX, enhancing visual fidelity. Starting at $479, it will be available from March 18, 2021, through various retailers, with pre-built systems expected to follow shortly.

AMD announced that Mark Papermaster, CTO and EVP of Technology and Engineering, will present at the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 12:30 PM EST/9:30 AM PST. A real-time video webcast will be available on AMD's Investor Relations website, with a replay accessible four hours post-event and available for one year.

With over 50 years in high-performance computing and graphics, AMD's technology enhances gaming, immersive platforms, and data centers, impacting millions worldwide.

AMD reported a strong Q4 2020 with revenue of $3.24 billion, marking a 53% increase year-over-year and a 16% rise from the previous quarter. Net income more than doubled to $1.78 billion, aided by a $1.30 billion tax benefit. For the full year, revenue reached $9.76 billion, a 45% growth from 2019, driven by robust performance in the Computing and Graphics segments. The company projects a solid 2021 outlook, highlighting strong demand for high-performance computing across multiple markets.

AMD will announce its fourth quarter and fiscal year 2020 financial results on January 26, 2021, post-market close. The management team will host a conference call at 5:00 p.m. EST to discuss these results, which can be accessed via the Investor Relations website. A recording of the webcast will be available for approximately one year following the call. AMD continues to innovate in high-performance computing and graphics technologies, serving a diverse range of customers and industries worldwide.