AMD to buy ATI for $5.4 billion |
|
  AMD didn’t stop at slashing prices on chips today, they also spent a pile of money to get bigger and more competitive. The second biggest chipmaker in the world behind Intel has announced their intention to buy graphic chip industry leader ATI Technologies for $5.4 billion. With the move, AMD instantly becomes one of the leading suppliers of graphic chips, and they become much more able to compete with, and maybe even surpass, bitter rival Intel.
The move also has a side benefit for AMD. Intel has been trying (unsuccessfully) to break into the consumer product fields like HDTVs and cell phones. ATI supplies those sectors, so AMD establishes a foothold their rival does not have.
AMD hopes the deal will support them in their continued efforts to steal market share from Intel. They have taken 5% from the Pentium and Centrino crew in recent years, and each percentage point equates to about $300 million in revenue. This deal, which should be approved by year's end, will contribute in a small way to the bottom line of AMD in 2007, but the company anticipates a major boost in 2008.
Via Yahoo! News
|
 Reader Ratings |
|
| Be the first to rate this article.
|
|
Recent Headlines
App Store for Android Announced, Called Android Market- posted on Thursday August 28, 2008 4:33 PM CDT
iPhone Tethering Plan Coming to AT&T?- posted on Thursday August 28, 2008 4:20 PM CDT
Sony Cyber-shot T500 P&S Camera Does HD Video- posted on Thursday August 28, 2008 1:41 PM CDT
A BlackBerry Thunder Storm, By Any Other Name...- posted on Thursday August 28, 2008 1:33 PM CDT
Life's Good with HSDPA-Equipped LG X110 Subnotebook- posted on Thursday August 28, 2008 1:26 PM CDT
New Wi-Fi Digital Picture Frames from Samsung- posted on Thursday August 28, 2008 1:15 PM CDT
Thin Sony Walkman Suggests Songs For You- posted on Thursday August 28, 2008 1:07 PM CDT
Lamborghini Murcielago LP640 Decked Out in Chrome- posted on Thursday August 28, 2008 12:36 PM CDT
NEC Touchscreen PC is Powered by Intel Atom- posted on Thursday August 28, 2008 12:27 PM CDT
6GB for $30 Data Plan from Rogers Ends Sunday- posted on Thursday August 28, 2008 12:18 PM CDT
Track Your Pennies with iPhone 3G Expense Application- posted on Wednesday August 27, 2008 2:27 PM CDT
Palm Treo Pro Smartphone Dubbed Best Palm Hardware to Date- posted on Wednesday August 27, 2008 2:17 PM CDT
Dell Merging Studio Line with XPS Line of Notebooks- posted on Wednesday August 27, 2008 2:08 PM CDT
Apple iPhone 3G TV Commercial Pulled Due to False Advertising- posted on Wednesday August 27, 2008 1:59 PM CDT
Military-Spec Samsung a837 Pushes to Talk on AT&T- posted on Wednesday August 27, 2008 1:53 PM CDT
Next-Gen Nintendo DS Getting Two Touchscreens for the Price of One- posted on Wednesday August 27, 2008 1:47 PM CDT
HTC Touch Diamond Comes to Sprint Tomorrow?- posted on Wednesday August 27, 2008 1:32 PM CDT
SanDisk Extreme III SDHC Cards 50% Faster Than Predecessor- posted on Wednesday August 27, 2008 1:26 PM CDT
No More Unlimited Data Plan from Telus- posted on Wednesday August 27, 2008 1:20 PM CDT
Decapitated Teddy Bear Drive is the Stuff of Nightmares- posted on Wednesday August 27, 2008 1:16 PM CDT
Feature: Would You Buy an Apple UMPC or MID?- posted on Tuesday August 26, 2008 7:27 PM CDT
Video: Unboxing Palm Treo Pro, Sizing Up Against Competitors- posted on Tuesday August 26, 2008 3:19 PM CDT
BlueAnt V1 Bluetooth Headset Shipping Very Soon- posted on Tuesday August 26, 2008 3:01 PM CDT
Canon PowerShot E1 Digital Camera is For the Ladies Only- posted on Tuesday August 26, 2008 2:54 PM CDT
HTC S740 Smartphone Borrows Style from HTC Touch Diamond- posted on Tuesday August 26, 2008 2:40 PM CDT
|
|
|
|
XML Feed