AMD Unveils $4 Billion Stock Buyback Plan, First Since 2001
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Advanced Micro Devices Inc. unveiled a $4 billion stock buyback plan, its first repurchase authorization since 2001, underscoring the chipmaker’s confidence in the future of its business.
The buyback will be funded by cash from operations, the company said Wednesday in a statement. The program, equal to about 4% of AMD’s market value, has no termination date.