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Samsung Partners with AMD Radeon for Mobile Graphics
June 25 2019 - Samsung Electronics Partners With AMD On Mobile Graphics Chips By Investors Business Daily
Advanced Micro Devices (AMD) and Samsung Electronics this June announced a multiyear partnership in ultralow-power, high-performance mobile graphics chips based on AMD Radeon technologies. AMD stock jumped on the news.
Under the deal, Samsung will license AMD graphics technology for use in its smartphones and other mobile devices. It will pay AMD licensing fees and royalties.
"Adoption of our Radeon graphics technologies across the PC, game console, cloud and HPC (high-performance computing) markets has grown significantly and we are thrilled to now partner with industry leader Samsung to accelerate graphics innovation in the mobile market," AMD Chief Executive Lisa Su said in a news release.
She added, "This strategic partnership will extend the reach of our high-performance Radeon graphics into the mobile market, significantly expanding the Radeon user base and development ecosystem."
AMD Stock Jumps On Samsung Deal
AMD stock surged as much as 8.1% after the announcement. AMD stock tends to be volatile on news announcements and earnings reports. On May 28, it popped 9.8% higher after the Santa Clara, Calif.-based company announced new Ryzen desktop processors and Radeon graphics cards at the Computex show in Taiwan.
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