Advanced Micro Devices, Inc. (AMD) Announces $4 Billion Share Repurchase Program

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Go back to Advanced Micro Devices, Inc. (AMD) Announces $4 Billion Share Repurchase Program

AMD Announces $4 Billion Share Repurchase Program

May 19, 2021 12:22 PM EDT

SANTA CLARA, Calif., May 19, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced that its Board of Directors approved a new share repurchase program. Under this program, the company intends to repurchase up to $4 billion of outstanding AMD common stock. AMD expects to fund repurchases through cash generated from operations which have been strengthened by the companys strong operational results.

Todays announcement reflects our confidence in AMDs business and the successful execution of our multi-year growth strategy, said Dr. Lisa Su,... More