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TAP TIMES -6- MARCH 2022
Stocks (from 4)
On October 7, 2008, AMD said it planned
to go fabless and sell its wafer fabs.
Sold to GLOBALFOUNDRIES
The fabs were sold initially to a spinoff of
GLOBALFOUNDRIES, later becoming part
of GF. For several years, AMD retained a
decreasing interest in the fabs.
On March 4, 2012, AMD announced it had
divested its final 14% stake in the com-
pany, concluding AMD’s multi-year plan
to divest its manufacturing assets. Today, Founding AMD president Jerry Sanders was flying high on this
AMD has no manufacturing facilities. sculpture commissioned by Sanders that graced the front of
AMD’s former Sunnyvale headquarters. Sadly, it did not make
the move to Santa Clara in 2017. The gargoyle, at left, is not
The stock had been on a roller coaster ride identified. (Ron Iscoff)
for decades, plumbing the depths of the
stock market after the departure of Sand- “growing adoption of AMD EPYC processors
ers, through weak, transitional leadership. across cloud and enterprise customers.”
With the appointment of Taiwan-born Dr. “Significant growth in 2022”
Lisa Su as president and CEO in October President Su said, “We expect another year
2014, the company and its stock accom- of significant growth in 2022 as we ramp
plished a dramatic turnaround from its our current portfolio and launch our nest
early fabless days. generation of PC, gaming and data center
products.”
Xilinx acquisition closes
Last month, AMD’s plan to acquire FPGA According to Yahoo! Finance, “Based on 14
chip maker Xilinx in nearby San Jose for Buys vs. 9 Holds, the stock boasts a Mod-
$49 billion officially closed. erate Buy consensus rating.” This Febru-
ary, AMD’s $49 billion acquisition of Xilinx
If you had bought a few hundred shares of officially closed. It was the largest amount
AMD stock in 2014, the year Lisa Su was spent for another company in history.
named president and CEO, your foresight
would have netted you a very hefty bun- Vote of confidence
dle. The stock’s 2014 high was $4.66, but “It’s a vote of confidence from Chris Caso of
the high last year skyrocketed to $161.91 Raymond James,” said Yahoo. “Caso main-
a share! tains an Outperform (i.e., Buy) rating on
AMD, and backs its up with a $160 price
For its fourth quarter of 2021, the com- target. Should his thesis prove correct, in-
pany posted a revenue up 49% Y/Y and a vestors are looking at one-year returns of
record full-year revenue of $16.4 billion, 38%.”
up 68%.
Caso adds, “At the time the deal (Xilinx)
In its official earnings release, the compa- was announced in October 2020, AMD ex-
ny said its higher earnings were driven by pected the transaction to be immediately
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