Monday, August 27th 2018

Rollercoaster Monday for AMD as it Loses Jim Anderson, Closes Above $25 in Stock Price

It has been a rollercoaster Monday for AMD as it bled yet another bright executive. Jim Anderson, who led Computing and Graphics Group after the departure of Raja Koduri, and who is rumored to have conceived the idea of Threadripper and the client-segment monetization of the "Zen" architecture, left AMD to become CEO of Lattice Semiconductor, a company that designs FPGAs. Anderson will be paid an inducement award of company shares valued up to $2.9 million.

On the same day, AMD stock crossed $25 to close at $25.26 up 5.34 percent, a historic high since way back in 2006 as Intel was beginning to regain its footing with its Core processor family. This raises the company's market cap to $22.9 billion. AMD is better funded than ever (in over 12 years), to start a new GPU project, for example. CTO Mark Papermaster, in a company blog post assured customers that AMD is going all-in with 7 nanometer, and it could bank more heavily on TSMC to achieve its roadmap goals of first-to-market 7 nm CPU and GPU by end of the year.
Sources: Lattice Semiconductor (Businesswire), AMD (Google Finance), AMD CTO Blog
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1 Comment on Rollercoaster Monday for AMD as it Loses Jim Anderson, Closes Above $25 in Stock Price

#1
DRDNA
new room for an even faster path forward with even faster CPU's and GPU's , me hopes :fear:
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