Advanced Micro Devices, Inc, AMD, global company that specializes in manufacturing semiconductor devices used in computer processing. The company also produces flash memories, graphics processors, motherboard chip sets, and a variety of components used in consumer electronics goods. The company is a major supplier of microprocessors . The company is based in Sunnyvale, California.

AMD was founded in 1969 by Walter Jeremiah (Jerry) Sanders, a former executive at Fairchild Semiconductor Corporation, and seven others. The company released its first product in 1970 and went public two years later. In the mid-1970s the company began producing computer chips.

In 1982 the company began supplying second-source chips for the Intel Corporation, which made the microprocessor used in IBM personal computers (PCs). The agreement with Intel ended in 1986.

In 2009, following a series of complaints lodged by AMD, the European Commission fined rival Intel a record €1.06 billion (£948 million; $1.45 billion) for engaging in anticompetitive practices that violated the European Union’s antitrust laws. These practices allegedly involved financially compensating and providing rebates to manufacturers and retailers who favoured its computer chips over those of AMD, as well as paying manufacturers to cancel or postpone the launching of products utilizing AMD’s chips.

In 2014 the company was restructured into two parts: computing and graphics, which made processors for personal computers, and enterprise, embedded, and semi-custom, which made more-specialized processors.

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