As reported by the Wall Street, Advanced Micro Devices (AMD) takes air and in the yesterday morning when the company saw its shares were revalued by 6 percent, some motivated by the official announcement of Rambus which extended its agreement patent license with the chip maker for 5 years. Terms of the deal were not disclosed, but it is amazing to see that how their shares have gained value until closing at a price of $ 2.15 per share.
AMD stock market goes up by 6% after agreement with Rambus
“We are pleased to have reached agreement with AMD for this extension,” said Luc Seraphin, senior vice president and general manager of the Memory and Interfaces division at Rambus. “This extension represents the third continuous agreement we’ve signed with AMD, which showcases the continued value our IP provides to the industry.”
This information came just after some sources rumored a possible bankruptcy of the company based in Sunnyvale, California, in 1969. This increase adds value to the company and helps it get ready for facing the most complicated stage of its existence in this summer with the launch of its new graphics architecture Polaris. If this release sees any delay, or not meet the expectation so we could see the end of the company as we know it, so hopefully everything goes as it should be and AMD will compete head-to-head with NVIDIA to help foster competition and to clam down a price war where users will benefit most.