Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) ended Friday session in green amid volatile trading. The shares closed up +0.16 points or 2.18% at $7.51 with 18.54 million shares getting traded. Post opening the session at $7.49, the shares hit an intraday low of $7.38 and an intraday high of $7.64 and the price vacillated in this range throughout the day. The company has a market cap of $6.06 billion and the numbers of outstanding shares have been calculated to be 795.56 million shares.
Advanced Micro Devices, Inc. (AMD) on Aug 31, 2016 announced that it has entered into a long-term amendment to its Wafer Supply Agreement (WSA) with GLOBALFOUNDRIES Inc. (GF) for the period from Jan. 1, 2016 to Dec. 31, 2020.
“The five-year amendment further strengthens our strategic manufacturing relationship with GLOBALFOUNDRIES while providing AMD with increased flexibility to build our high-performance product roadmap with additional foundries in the 14nm and 7nm technology nodes,” said Dr. Lisa Su, AMD president and CEO. “Our goal is for AMD to have continued access to leading-edge foundry process technologies enabling us to build multiple generations of great products for years to come.”
GLOBALFOUNDRIES’ Fab 8 in Malta, N.Y. is playing a significant role in providing leading-edge capacity for AMD’s graphics and processor products, including the recently launched AMD Radeon™ Polaris GPUs and upcoming “Zen”-based processors.
In addition to modifying certain terms of the WSA applicable to AMD’s microprocessor, graphics processor, and semi-custom products, the amendment:
- Covers a 5-year period, spanning from calendar year 2016 through 2020;
- Establishes a comprehensive framework for technology collaboration between AMD and GF for the 7nm technology node, building on the success of the 14nm node;
- Provides AMD with the flexibility to manufacture certain products with another wafer foundry;
- Sets annual wafer purchase targets from 2016 through the end of 2020, fixed wafer prices for 2016, and a framework for yearly wafer pricing.
Shares of AT&T Inc. (NYSE:T) ended Friday session in red amid volatile trading. The shares closed down -0.01 points or -0.02% at $40.95 with 19.07 million shares getting traded. Post opening the session at $41.09, the shares hit an intraday low of $40.74 and an intraday high of $41.38 and the price vacillated in this range throughout the day. The company has a market cap of $252.36 billion and the numbers of outstanding shares have been calculated to be 6.15 billion shares.
On Sept. 1, 2016 AT&T is ready for Tropical Storm Hermine with our disaster response equipment and personnel on standby.
AT&T has started its storm preparedness process as we closely monitor Tropical Storm Hermine. The storm is expected to impact the southeastern U.S. during the next 48 hours. AT&T has topped-off fuel at generators positioned at cell sites, installed and tested high-capacity back-up batteries at cell sites, installed “Quick Connect Generator Plugs” near cell sites. It has also staged other emergency response equipment in strategic locations. Its national reliability center is monitoring outages for quick action.
AT&T has also improved the network redundancy in storm-prone areas. It has installed more generators at critical cell towers and switching facilities, and moving electronics key to network operations above expected flood levels.
“Customers rely on us, especially during major storms,” said Venessa Harrison, president, AT&T North Carolina. “That’s why we practice readiness drills and simulations through the year. We do all we can to have our networks prepared when severe weather strikes. We’ve worked for the past few days to position equipment and crews to respond to the storm. We’re closely linked with North Carolina public officials in their storm response efforts. With a storm of this size, we may have some outages. But if service goes down, we’ll do all we can to get it back up as fast as possible.”