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Guru3D.com » News » AMD Could Potentially Get 19B investment

AMD Could Potentially Get 19B investment

by Hilbert Hagedoorn on: 02/11/2015 10:48 AM | source: | 13 comment(s)
AMD Could Potentially Get 19B investment

More news from AMD today as it seems the company might get a nice cash injection. Loongson Technology, a CPU joint venture between Beijing-based chip designer BLX IC Design Corp, the Chinese Academy of Sciences and the Institute of Computing Technology, is set to make key investments into AMD's product lines and technologies.

Loongson and AMD have worked together before in the past. AMD’s HyperTransport and PCI South as well as North bridges were in previous Godson silicon, so for Loongson AMD is not entirely foreign territory. The two opened an R&D center in December 2003 in order to develop what the two hoped would be something to counter the goliath of Intel. 

Investing in AMD’s various technologies and product lines would be a much easier transaction for Loongson. It would not have to deal with the regulatory burden the US government might impose, nor would it need to negotiate an x86 license from Intel (NASDAQ: INTC). It is not yet clear what the end result of such investments might look like, but it could be that Loongson markets future Godson systems with more AMD inside — such as GCN GPU architecture.

Loongson earns their reputation for its line of MIPS-based Godson processors. The Chinese firm has reserved 120 million yuan (around US$19.2 billion) for a series of acquisitions and strategic investments.

How much money AMD is going to retrieve we do now know, but it could be substantial.







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aless83
Senior Member



Posts: 261
Joined: 2011-05-18

#5011858 Posted on: 02/11/2015 11:31 AM
I think it's 19 Million USD, not Billion

alanm
Senior Member



Posts: 11270
Joined: 2004-05-10

#5011871 Posted on: 02/11/2015 12:02 PM
I think it's 19 Million USD, not Billion

"...The Chinese firm has reserved 120 million yuan (around US$19.2 billion) for a series of acquisitions and strategic investments."

19 mil wouldnt be newsworthy, but 19 bil is also not likely to be put solely into AMD, if as stated its reserved for a series of acquisitions and strategic investments.

aless83
Senior Member



Posts: 261
Joined: 2011-05-18

#5011876 Posted on: 02/11/2015 12:28 PM
Just saying that 120 mill Yuan are not equal to 19 bill USD

zer0_c0ol
Senior Member



Posts: 2976
Joined: 2007-04-12

#5011879 Posted on: 02/11/2015 12:35 PM
Just saying that 120 mill Yuan are not equal to 19 bill USD


and it is not 19 million

alanm
Senior Member



Posts: 11270
Joined: 2004-05-10

#5011881 Posted on: 02/11/2015 12:39 PM
Ah, wasnt aware of the conversion rate. Probably typo and 120 billion yuan.

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