AMD Unveils $6 Billion Share Buyback Strategy

In a bold move to enhance shareholder value, Advanced Micro Devices Inc. (AMD) has announced a significant expansion of its share repurchase program, adding $6 billion to its buyback plan, bringing the total to nearly $10 billion.

Leadership's Confidence in AMD's Future

Lisa Su, AMD's CEO, expressed strong confidence in the company's direction and growth potential. "Our expanded share repurchase program reflects the Board's confidence in AMD's strategic direction, growth prospects, and ability to consistently generate strong free cash flow," Su stated. She emphasized the company's commitment to disciplined capital allocation and driving shareholder returns through strategic investments and capital returns.

Flexible Repurchase Approach

The company outlined that the execution of the buyback will be flexible, with the timing and amount of repurchases depending on market conditions. AMD plans to conduct these repurchases through open market transactions or privately negotiated deals, noting the program's open-ended nature and the possibility of suspension at any time.