AMD Announces $4 Billion Share Repurchase Program
SANTA CLARA, Calif., Could 19, 2021 (World NEWSWIRE) — AMD (NASDAQ: AMD) nowadays announced that its Board of Directors accredited a new share repurchase plan. Beneath this software, the business intends to repurchase up to $four billion of superb AMD popular inventory. AMD expects to fund repurchases as a result of funds created from functions which have been strengthened by the company’s powerful operational results.
“Today’s announcement displays our assurance in AMD’s company and the productive execution of our multi-year expansion approach,” reported Dr. Lisa Su, AMD president and CEO. “Our strong fiscal outcomes and developing hard cash generation help us to spend in the organization and start returning capital to our shareholders.”
Beneath this application, which is built to return benefit to AMD stockholders, offset dilution from inventory issuances, and reduce share depend over time, the firm will repurchase stock in the open market place. This repurchase application has no termination date and might be suspended or discontinued at any time.
For a lot more than 50 several years, AMD has pushed innovation in substantial-effectiveness computing, graphics and visualization technologies – the building blocks for gaming, immersive platforms and the data heart. Hundreds of millions of individuals, major Fortune 500 firms and chopping-edge scientific research services all-around the globe rely on AMD technology everyday to strengthen how they stay, get the job done and perform. AMD personnel around the earth are concentrated on constructing good merchandise that press the boundaries of what is achievable. For additional info about how AMD is enabling nowadays and inspiring tomorrow, stop by the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter internet pages.
This press launch is made up of ahead-looking statements relating to Superior Micro Devices, Inc. (AMD) together with those people connected to AMD’s meant share repurchases and predicted shareholder positive aspects envisioned funding by cash produced from functions AMD’s self esteem in its business enterprise and successful execution of its multi-12 months advancement system and AMD’s financial success and funds era,, which are manufactured pursuant to the Safe Harbor provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-seeking statements are usually discovered by phrases these kinds of as “would,” “may perhaps,” “expects,” “thinks,” “plans,” “intends,” “jobs” and other conditions with related indicating. Buyers are cautioned that the forward-searching statements in this push release are centered on existing beliefs, assumptions and anticipations, talk only as of the date of this push release and involve hazards and uncertainties that could cause genuine effects to vary materially from existing anticipations. Such statements are issue to sure recognized and unidentified pitfalls and uncertainties, numerous of which are complicated to predict and frequently outside of AMD’s manage, that could induce genuine results and other potential gatherings to vary materially from those people expressed in, or implied or projected by, the ahead-searching information and statements. Substance variables that could induce genuine effects to differ materially from current expectations incorporate, with out limitation, the next: Intel Corporation’s dominance of the microprocessor current market and its intense business enterprise practices world economic uncertainty the decline of a considerable shopper the impact of the COVID-19 pandemic on AMD’s small business, money ailment and final results of functions the aggressive marketplaces in which AMD’s products and solutions are offered quarterly and seasonal sales styles marketplace ailments of the industries in which AMD solutions are sold the cyclical character of the semiconductor business AMD’s capacity to adequately defend its technologies or other intellectual property unfavorable currency trade rate fluctuations the capability of third party makers to manufacture AMD’s solutions on a timely basis in sufficient quantities and utilizing aggressive systems the availability of essential machines, elements, substrates or manufacturing procedures expected production yields for AMD’s merchandise AMD’s capacity to introduce goods on a timely foundation with options and overall performance stages that deliver value to its shoppers AMD’s capability to produce profits from its semi-custom SoC merchandise potential stability vulnerabilities opportunity IT outages, details decline, information breaches and cyber-attacks uncertainties involving the purchasing and shipment of AMD’s goods AMD’s reliance on 3rd-celebration intellectual property to layout and introduce new products and solutions in a timely fashion AMD’s reliance on third-get together organizations for the layout, manufacture and supply of motherboards, application and other personal computer platform factors AMD’s reliance on Microsoft Corporation and other computer software vendors’ support to structure and build software program to run on AMD’s products AMD’s reliance on 3rd-occasion distributors and incorporate-in-board associates the impression of modification or interruption of AMD’s interior organization processes and facts systems compatibility of AMD’s goods with some or all marketplace-common program and components expenditures connected to faulty solutions the performance of AMD’s offer chain AMD’s capability to count on third bash provide-chain logistics capabilities AMD’s capability to properly management the profits of its products on the grey industry the impact of federal government actions and regulations these as export administration restrictions, tariffs and trade protection steps AMD’s capability to understand its deferred tax property prospective tax liabilities present-day and upcoming statements and litigation the influence of environmental legal guidelines, conflict minerals-associated provisions and other legislation or laws the effects of acquisitions, joint ventures and/or investments on AMD’s business, like the declared acquisition of Xilinx, and the failure to combine acquired businesses AMD’s skill to finish the Xilinx merger the impression of the announcement and pendency of the Xilinx merger on AMD’s business the impact of any impairment of the mixed company’s assets on the put together company’s financial placement and effects of operation the limitations imposed by agreements governing AMD’s notes and the revolving credit history facility AMD’s indebtedness AMD’s potential to deliver adequate money to provider its personal debt obligations or meet up with its doing the job money specifications AMD’s ability to repurchase its remarkable credit card debt in the event of a improve of command AMD’s capacity to make sufficient profits and running income movement or acquire external financing for analysis and enhancement or other strategic investments political, authorized, economic hazards and organic disasters potential impairments of goodwill and technological know-how license buys AMD’s potential to bring in and keep capable personnel AMD’s inventory selling price volatility and around the world political problems. Traders are urged to critique in element the hazards and uncertainties in AMD’s Securities and Trade Commission filings, together with but not minimal to AMD’s most modern experiences on Varieties ten-K and 10-Q.
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Source: Highly developed Micro Equipment, Inc.