The state of the PC industry that declined in recent
quarters, AMD should be made to rack my brain to get fresh
funds. One of the plans that will be done is to sell or lease its campus
in Austin, Texas.
From the results of the sales and rental, expect AMD will get fresh
funds up to USD 150 million. There are
several reasons disclosed by
Intel's competitors are not populist policy is.AMD spokesman Drew Prairie said the policy was taken because the chip industry is running poorly, while the favorable economic conditions in Austin, where their headquarters are located.
"If AMD can find an investor who wants to rent our campus, it is a good opportunity for us to obtain operating funds," he said as quoted from the Tech Eye, Friday (30/11/2012).
"AMD has a headquarters in Sunnyvale, California, and a building near Toronto that sold and leased back as well," said Prairie.
The company has seen a lot of different options to collect money as a result of the chip industry being giddy. This includes restructuring and laying off some engineers. There is some concern that AMD may not have the talent left to create new products.
AMD CEO Rory Read told investors they are serious about pushing sales of chip-based PC. However, he cautioned that the PC industry still faces long-term problems. Though PC accounts for about 85% of AMD's business.
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