AMD-ATI Merger Looks Likely
It seems Wall Street is buzzing today with rumors that AMD may be looking to merge with ATI. We won't speculate much because rumors like this tend to circulate every few months and nothing happens. But is an AMD & ATI merger possible? Possible - Yes. Likely - No.
Advanced Micro Devices may be looking to buy graphics company ATI Technologies, a move that would benefit the overall graphics industry, according to RBC Capital Markets. "The synergies of this seem consistent with the recent announcements by AMD to significantly increase capacity over the next few-years," wrote analyst Apjit Walia in a note to investors Wednesday. "We believe ATI is a rare-buy in the semiconductor space right now given the near-term tie-up dynamics."