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AMD Addresses Spinoff Rumors


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On Friday Reuters reported that AMD had hired a consulting firm to help it explore potential options to breakup or spinoff the company into multiple parts. AMD issued a statement to WCCF Tech shortly thereafter through spokesperson Sarah Youngbauer to address the rumors stating, "AMD provided official confirmation that we have not hired an outside agency to explore spinning-off/splitting the company. We remain committed to the long-term strategy we laid out for the company in May at our Financial Analyst Day, which encompasses all parts of the business."

Source: WCCF Tech

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