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ADVANCED MICRO DEVICES, INC.

(AMD)
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AMD Amends Globalfoundries Wafer Supply Agreement

05/13/2021 | 05:37pm EDT

By Josh Beckerman

Advanced Micro Devices Inc. amended its wafer supply agreement with Globalfoundries Inc., extending capacity commitments and wafer pricing "under the backdrop of the current global supply environment."

A prolonged semiconductor shortage has affected production of cars, appliances and computers.

AMD said the Globalfoundries amendment modifies certain terms applicable to wafer purchases at the 12 nm and 14 nm technology nodes for the period from Wednesday through the end of 2024.

Globalfoundries agreed to a minimum annual capacity allocation to AMD for 2022, 2023 and 2024. The amendment also removes all prior exclusivity commitments and provides AMD with full flexibility to contract with any wafer foundry for all products manufactured at any technology node, AMD said.

AMD currently estimates it will buy about $1.6 billion of wafers for years 2022 to 2024 under the amendment.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

05-13-21 1937ET

Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. 3.15% 106.19 Delayed Quote.6.78%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.13%
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Financials (USD)
Sales 2021 15 566 M - -
Net income 2021 2 788 M - -
Net cash 2021 4 341 M - -
P/E ratio 2021 45,5x
Yield 2021 -
Capitalization 125 B 125 B -
EV / Sales 2021 7,74x
EV / Sales 2022 6,58x
Nbr of Employees 12 600
Free-Float 98,8%
Chart ADVANCED MICRO DEVICES, INC.
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Advanced Micro Devices, Inc. Technical Analysis Chart | AMD | US0079031078 | MarketScreener
Technical analysis trends ADVANCED MICRO DEVICES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 42
Last Close Price 102,95 $
Average target price 108,70 $
Spread / Average Target 5,58%
EPS Revisions
Managers and Directors
Lisa T. Su President, CEO & Non-Independent Director
Devinder Kumar Chief Financial Officer, Treasurer & Executive VP
John Edward Caldwell Chairman
Mark D. Papermaster CTO, Executive VP-Technology & Engineering
Keivan Keshvari Senior Vice President-Global Operations
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