Advanced Micro Devices, Inc (NYSE:AMD) Has Been Selected For An Award Of $3.1M


Dallas, Texas 11/20/2013 (Financialstrend) – Advanced Micro Devices, Inc (NYSE:AMD) announced that it has been selected for an award of $3.1M for the research-project that is associated with the DOE in the United States. This Extreme Scale Computing Research & development program is called “ Design forward”. The Department of Energy award is expansion of work that started as a segment of a different 2-year award that Advanced Micro Devices, Inc (NYSE:AMD) had received in 2012. It was called the “FastForward” Award. This FastForward award aimed to accelerate the research & development of the processor & memory technologies that are required to support the extreme-scale computing. This DesignForward award supports research of the interconnect-architectures &technologies that are required to support data transfer capabilities in the extreme-scale computing-environments.

Tuesday’s trading

In Tuesday’s trading session, Advanced Micro Devices, Inc (NYSE:AMD) dropped by 1.44%. The shares opened at a price of $3.46, touched the intraday high of $3.48 and headed to a close of $3.42. Approximately 20.16M shares were traded over the Tuesday and an average volume of 33.29 million shares were traded over a 30 day period. The 52-week low of Advanced Micro Devices, Inc (NYSE:AMD) shares is $1.84 and its 52-week high is $4.65. The company has a market capitalization of $2.48 billion.

About the company

Advanced Micro Devices, Inc (NYSE:AMD) is an international semiconductor-company and has its facilities across the globe. it offers different x86 microprocessors. These microprocessors are standalone devices / are incorporated in the accelerated processing unit , for commercial & consumer markets. The company’s microprocessors are also used in chipsets for desktops & mobile devices, such as mobile personal computers, or PCs & tablets as well as professional workstations & different servers & graphics, video & multimedia -products in desktop and mobile devices, such as mobile PCs & tablets, home-media PCs & professional workstations, technology and servers for game consoles.