Advanced Micro Devices, Inc. (AMD) Announces $8B Share Buyback

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Go back to Advanced Micro Devices, Inc. (AMD) Announces $8B Share Buyback

AMD Announces New $8 Billion Share Repurchase Authorization

February 24, 2022 4:05 PM EST

SANTA CLARA, Calif., Feb. 24, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced that its board of directors approved a new $8 billion share repurchase program. The new authorization is in addition to the $4 billion share repurchase program announced in May 2021, under which the company has repurchased approximately $3 billion of shares of AMD common stock.

We are pleased to expand our share repurchase program based on the strength of our balance sheet and expectations for future free cash... More