Advanced Micro Devices (AMD) is a multinational technology corporation that develops CPUs, GPUs, FPGAs, SoCs, and high-performance computing components. Headquartered in Santa Clara, California, AMD operates in consumer and business markets, including gaming, data centers, AI, and embedded systems. AMD is a major player in the semiconductor industry, competing with companies like Intel and NVIDIA, and its products are used in a wide variety of devices, from personal computers to servers and embedded systems.
In 1959, Robert Noyce developed the first silicon integrated circuit at Fairchild.
In July 1968, Robert Noyce and Gordon Moore, former Fairchild executives, founded Intel, a key event preceding Jerry Sanders' decision to start AMD.
On May 1, 1969, Advanced Micro Devices was formally incorporated by Jerry Sanders and seven colleagues from Fairchild Semiconductor, driven by dissatisfaction with the lack of support and flexibility at Fairchild.
In September 1969, AMD relocated to its new headquarters in Sunnyvale, California, housing the company's entire operations, including wafer production.
In November 1969, AMD manufactured its first product, the Am9300, a 4-bit MSI shift register.
In 1969, AMD was founded by Jerry Sanders and a group of technology professionals, initially focusing on memory chips and other computer components.
In 1970, AMD produced its first proprietary product, the Am2501 logic counter, which was highly successful.
In 1971, AMD entered the RAM chip market with the Am3101, a 64-bit bipolar RAM. Sales of linear integrated circuits also increased significantly, and total annual sales reached US$4.6 million.
In 1971, AMD's best-selling product was the Am2505, the fastest multiplier available.
In 1971, Intel created the first microprocessor, the 4-bit 4004.
In September 1972, AMD went public.
By 1973, AMD was a second source for Intel MOS/LSI circuits, including the Am14/1506 and Am14/1507 dual 100-bit dynamic shift registers.
By 1975, AMD was producing 212 products, including proprietary products like the Am9102 RAM and low-power Schottky MSI circuits: Am25LS07, Am25LS08, and Am25LS09.
In 1975, AMD entered the microprocessor market with the Am9080, a reverse-engineered clone of the Intel 8080, and the Am2900 bit-slice microprocessor family.
In October 1976, AMD entered into a cross-licensing agreement with Intel, granting AMD a copyright license to the microcode in its microprocessors and peripherals.
In 1976, AMD and Intel signed a cross-licensing agreement.
In 1977, AMD entered into a joint venture with Siemens, with Siemens purchasing 20% of AMD's stock and jointly establishing Advanced Micro Computers (AMC).
In 1978, Intel introduced the first x86 microprocessors.
In fiscal year 1978, AMD's total sales topped $100 million.
In 1979, AMD bought out Siemens' stake in the American division of Advanced Micro Computers due to diverging visions for the company.
In 1979, AMD debuted on the New York Stock Exchange and began production at its new semiconductor fabrication plant in Austin, Texas.
In 1980, AMD began supplying semiconductor products for telecommunications.
In October 1981, Intel and AMD signed a 10-year technology exchange agreement.
In 1981, AMD began construction on a fabrication plant in San Antonio.
In late 1981, AMD closed Advanced Micro Computers after switching focus to manufacturing second-source Intel x86 microprocessors.
In February 1982, AMD signed a contract with Intel, becoming a licensed second-source manufacturer of 8086 and 8088 processors due to IBM's policy requiring at least two sources for its chips.
In February 1982, the technology exchange agreement between Intel and AMD was formally executed, allowing each company to become a second-source manufacturer for the other's semiconductor products.
Beginning in 1982, AMD began volume-producing second-source Intel-licensed 8086, 8088, 80186, and 80188 processors.
By 1984, AMD was producing its own Am286 clone of Intel's 80286 processor for the IBM PC market.
In 1984, AMD created the world's first 512K EPROM and was listed in the book "The 100 Best Companies to Work for in America."
In 1984, Intel internally decided to no longer cooperate with AMD in supplying product information in order to shore up its advantage in the marketplace. Intel delayed and eventually refused to convey the technical details of the Intel 80386.
By mid-1985, the microchip market experienced a severe downturn due to Japanese trade practices and a crowded U.S. market.
In 1985, AMD made the Fortune 500 list for the first time.
In the face of uncertainty during the legal dispute, AMD was forced to develop clean room designed versions of Intel code for its x386 and x486 processors, the former long after Intel had released its own x386 in 1985.
Beginning in 1986, AMD embraced RISC with their own AMD Am29000 (29k) processor.
In fiscal year 1986, AMD responded to the mid-1980s crisis with the Liberty Chip program, aiming to design and manufacture one new chip or chipset per week for 52 weeks, and lobbying the U.S. government against predatory Japanese pricing.
In 1987, AMD invoked arbitration over Intel's refusal to supply product information, leading Intel to cancel the 1982 technological-exchange agreement.
In 1990, Intel countersued AMD, renegotiating AMD's right to use derivatives of Intel's microcode for its cloned processors, forcing AMD to develop clean room designed versions of Intel code for its x386 and x486 processors.
In March 1991, AMD released the Am386, its clone of the Intel 386 processor, and sold one million units by October of the same year.
In 1991, AMD introduced its 386-compatible Am386, an AMD-designed chip, competing directly with Intel.
In 1992, after three years of testimony, AMD won in arbitration against Intel, but Intel disputed this decision.
In 1993, AMD introduced the first of the Am486 family of processors, proving popular with original equipment manufacturers, including Compaq, which signed an exclusive agreement.
Since 1993, AMD had been co-manufacturing flash memory with Fujitsu.
In 1994, after a long legal dispute, the Supreme Court of California sided with the arbitrator and AMD in its case against Intel.
In November 1995, AMD released the Am5x86, another Am486-based processor, continuing AMD's success as a fast, cost-effective processor.
The cross-licensing agreement between AMD and Intel, signed in 1976, was extended through 1995 due to the 1982 agreement.
In January 1996, AMD acquired NexGen for $857 million to develop what eventually became AMD K6.
In 1996, AMD purchased NexGen for the rights to their Nx series of x86-compatible processors.
In 1996, AMD received the rights to the microcode in Intel's x386 and x486 processor families, but not the rights to the microcode in the following generations of processors.
In 1996, AMD's first in-house x86 processor, the K5, was launched. The name "Kryptonite" was a reference to Intel's market dominance.
In 1997, AMD introduced the K6 processor, based on the reworked NexGen Nx686 design. Some variants of the K6 were faster than Intel's Pentium II.
On June 23, 1999, AMD launched its seventh-generation x86 processor, the K7, under the brand name Athlon, using a Slot A connector.
On October 9, 2001, AMD released the Athlon XP processor.
In 2002, AMD began its sponsorship of Formula 1 racing. This marked AMD's initial foray into motorsports sponsorship.
On February 10, 2003, AMD released the Athlon XP processor with 512 KB L2 Cache.
On April 22, 2003, AMD launched the Opteron server-oriented processor, featuring 64-bit extension to the x86 instruction set, an on-chip memory controller, and HyperTransport technology.
In 2003, AMD spun off its flash memory business and manufacturing into Spansion, a joint venture with Fujitsu.
On April 21, 2005, AMD released the first dual-core Opteron, an x86-based server CPU.
In December 2005, AMD divested itself of Spansion to focus on the microprocessor market.
On July 24, 2006, AMD announced its acquisition of the Canadian 3D graphics card company ATI Technologies for approximately $5.4 billion.
On October 25, 2006, the acquisition of ATI Technologies by AMD was completed.
Following AMD's 2006 acquisition of Canadian graphics company ATI Technologies, the Fusion initiative was announced to integrate a CPU and GPU together, later renamed AMD APU (Accelerated Processing Unit).
In May 2007, AMD abandoned the string "64" in its dual-core desktop product branding, becoming Athlon X2, downplaying the significance of 64-bit computing in its processors.
In September 2007, AMD released the first server Opteron K10 processors, followed in November by the Phenom processor for desktop.
In July 2008, AMD's CEO Hector Ruiz stepped down in preparation for becoming chairman of GlobalFoundries.
In October 2008, AMD announced plans to spin off manufacturing operations into GlobalFoundries Inc.
In 2008, AMD started releasing dual-core Sempron processors exclusively in China, branded as the Sempron 2000 series, with lower HyperTransport speed and smaller L2 cache.
In January 2009, AMD released a new processor line dubbed Phenom II, a refresh of the original Phenom built using the 45 nm process. AMD's new platform, codenamed "Dragon", used the new Phenom II processor, and an ATI R770 GPU from the R700 GPU family, and a 790 GX/FX chipset from the AMD 700 chipset series. The Phenom II cost less but was not performance-competitive with Intel's mid-to-high-range Core 2 Quads.
In March 2009, Hector Ruiz became chairman of GlobalFoundries.
In 2009, GlobalFoundries was spun off from AMD, leading AMD to outsource its manufacturing.
In April 2010, AMD released the new Phenom II Hexa-core (6-core) processor codenamed "Thuban".
On August 30, 2010, AMD announced that it would retire the ATI brand name for its graphics chipsets in favor of the AMD brand name.
In 2010, AMD released the Magny Cours and Lisbon server parts. The Magny Cours part came in 8 to 12 cores and the Lisbon part in 4 and 6 core parts.
In August 2011, AMD announced that former Lenovo executive Rory Read would be joining the company as CEO, replacing Meyer.
In November 2011, AMD announced plans to lay off more than 10% (1,400) of its employees from across all divisions worldwide.
In October 2012, AMD announced plans to lay off an additional 15% of its workforce to reduce costs due to declining sales revenue.
In early 2012, AMD acquired the low-power server manufacturer SeaMicro, with plans to develop an Arm64 server chip.
Effective July 1, 2014, AMD reorganized into two business groups: Computing and Graphics, which includes desktop and notebook processors and chipsets, discrete GPUs, and professional graphics; and Enterprise, Embedded, and Semi-Custom, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services, and royalties.
On October 8, 2014, AMD announced that Rory Read had stepped down and was succeeded by Lisa Su, who had been chief operating officer since June.
On October 16, 2014, AMD announced a new restructuring plan along with its Q3 results, which included the reorganization into two business groups: Computing and Graphics, and Enterprise, Embedded, and Semi-Custom. The restructuring also involved laying off 7% of its global workforce by the end of 2014.
In August 2016, AMD signed a lease for a new headquarters building in Santa Clara, closing its 47 years in Sunnyvale. Around the same time, AMD also agreed to sell 1 AMD Place to the Irvine Company.
On April 18, 2018, AMD started a multi-year sponsorship with the Scuderia Ferrari Formula 1 team, enhancing AMD's presence in motorsports.
In 2018, AMD began to shift the production of their CPUs and GPUs to TSMC after GlobalFoundries announced they would halt development of their 7 nm process. This marked a significant change in AMD's manufacturing strategy.
In April 2019, the Irvine Company received approval from the Sunnyvale City Council to demolish 1 AMD Place and redevelop the 32-acre site into townhomes and apartments.
In 2019, AMD revised its wafer purchase agreement with GlobalFoundries, allowing AMD the flexibility to use other foundries for 7 nm nodes and below. The agreement maintained purchase commitments for 12 nm and above through 2021.
In February 2020, AMD became a sponsor of the Mercedes Formula 1 team, adding to its portfolio of Formula 1 sponsorships just prior to the start of the 2020 race season.
In October 2020, AMD announced its plan to acquire Xilinx, a market leader in field programmable gate arrays and complex programmable logic devices (FPGAs and CPLDs), in an all-stock transaction.
In 2021, the wafer purchase agreement between AMD and GlobalFoundries for 12 nm and above came to an end, as part of the revised agreement made in 2019.
In February 2022, AMD completed its acquisition of Xilinx, with an estimated acquisition price of $50 billion.
In 2022, AMD acquired Xilinx, and began offering field-programmable gate array (FPGA) products.
In 2022, AMD began a sponsorship deal with Victory Five (V5) for the League of Legends Pro League (LPL), further expanding its involvement in esports.
In 2022, AMD surpassed Intel in market capitalization for the first time.
In October 2023, AMD acquired Nod.ai, an open-source AI software provider, to enhance its AI software ecosystem.
In January 2024, AMD announced that it was discontinuing the production of all complex programmable logic devices (CPLDs) acquired through Xilinx.
In February 2024, AMD was a Diamond sponsor for the World Artificial Intelligence Cannes Festival (WAICF), showing their support for advancements in AI.
In March 2024, a rally in semiconductor stocks pushed AMD's valuation above $300B for the first time.
In June 2024, AMD was a Platinum sponsor for the HPE Discover 2024 event, hosted by Hewlett Packard Enterprise in Las Vegas from June 17 to 20 to showcase technology for government and business customers.
In August 2024, AMD signed a deal to acquire ZT Systems for $4.9 billion. ZT Systems creates custom computing infrastructure used for AI tasks.
Since early 2024, AMD has made significant gains in the server CPU market, reducing the gap with Intel.
In June 2025, AMD unveiled the AI server for 2026, the MI400 series of chips, which will be the basis of a new server called "Helios".
As of July 2025, Intel holds 63.3% of the server CPU market, while AMD has reached 36.5%, showing a strong upward trend for AMD despite Intel's continuing lead.
In October 2025, AMD announced it had agreed a deal with OpenAI to sell six gigawatts of its AI processors over the next five years. As part of the deal, OpenAI has the option to acquire a 10 per cent stake in AMD: 160 million shares at a token price of $0.01 per share contingent on meeting undisclosed performance targets, the final tranche of options requiring AMD common stock to reach $600 per share.
In June 2025, AMD unveiled the AI server for 2026, the MI400 series of chips, which will be the basis of a new server called "Helios".
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