Rumor: AMD Wants To Buy ATI Technology
Shares of ATI Technologies Inc. jumped more than 9.5 percent Wednesday after a Wall Street analyst said the graphics chip maker may be acquired by Advanced Micro Devices Inc., the PC microprocessor maker that’s been taking market share from Intel Corp. This is a rumor for now, but high ranking analysts are now saying that this is true. Interesting news and we will have to see how this plays out.
Update: I just found out that Jon Peddie said “Forget it” when it comes to the ATI and AMD situation. As the founder and analyst of Jon Peddie Research, an industry consulting firm he is usually correct on most things. Jon goes on to say the report “is such a waste of time.”
Walia said speculation has raged for years that ATI or other graphics chip companies would be bought by AMD or Intel. He went on to say the move would be a mistake for Intel, which besides being the world’s biggest chip maker is also the world’s biggest supplier of graphics chips. An AMD acquisition of ATI, based in Markham, Canada, would be a positive event for the graphics industry, Walia said.
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