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Video Video: McAfee founder wanted by police Startup Square battles payment giants Clinton foundation to tackle health disparities Follow Reuters Facebook Twitter RSS YouTube Read Petraeus scandal widens, snares U.S. commander in Afghanistan 3:19pm EST Three women intertwine in downfall of David Petraeus 12 Nov 2012 Iran unveils new missile systems on second day of drills 8:23am EST Special Report: How a vicious circle of self-interest sank a California city 7:58am EST Software pioneer McAfee says framed for murder in Belize 10:36am EST Discussed 215 After Obama win, U.S. backs new U.N. arms treaty talks 168 Obama plans ”fiscal cliff” statement as showdown looms 113 Republicans say deal can be done on ”fiscal cliff” Sponsored Links Exclusive: Advanced Micro hires bank to explore options - sources Tweet Share this Email Print Related News UPDATE 2-Advanced Micro adopts smartphone technology for servers Mon, Oct 29 2012 Analysis: Yahoo CEO's comeback plan homes in on technology, not media Sun, Oct 21 2012 Mobile revolution, economy trip up tech giants Fri, Oct 19 2012 Chipmaker AMD announces layoffs as PC sales stumble Thu, Oct 18 2012 Intel's outlook fails to inspire hopes for PC recovery Tue, Oct 16 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » NEW YORK/SAN FRANCISCO | Tue Nov 13, 2012 3:49pm EST NEW 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. Sources said an outright sale of the company is not a priority, and other options for AMD could include a sale of its portfolio of patents. One of Silicon Valley's oldest chipmakers, AMD is laying off engineers and some analysts are concerned it may not find new markets for its chips in time to reverse a declining cash reserve. AMD's shares have fallen more than 60 percent this year, giving it a market value of about $1.4 billion. It also has long-term debt and capital lease obligations of about $2 billion. AMD was not immediately available for comment, while a JPMorgan spokeswoman declined to comment. (Reporting by Nadia Damouni and Noel Randewich; Editing by Paritosh Bansal, Gary Hill) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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Other News on Wednesday, 14 November 2012
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