Exclusive: AMD hires bank to explore options – sources

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    Anonymous

    Technology News

    A new AMD Opteron 6000 series processor is seen on a motherboard during a product launch in TaipeiNEW YORK/SAN FRANCISCO (Reuters) – Advanced Micro Devices has hired JPMorgan Chase & Co to explore options, which could include a potential sale, as the chipmaker struggles to find a role in an industry increasingly focused on mobile and away from traditional PCs, according to three sources familiar with the situation. The company's stock surged 18 percent on the news before ending up 5 percent at $2.09 on the New York Stock Exchange. …


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