Why AMD won’t join chip merger frenzy
October 15, 2015 at 20:19 PM EDT
Advanced Micro Devices Inc. is in a familiar situation, cutting costs and betting on its next generation technology to return to profitability after a product setback. But with the chip industry is in a consolidation frenzy, AMD is unlikely to be acquired even with its shares down 30% this year, thanks to its cross-licensing pact with Intel.