By Colin Kellaher
Advanced Micro Devices' board added $6 billion to the chipmaker's share-repurchase program.
AMD on Wednesday said the new authorization is in addition to the roughly $4 billion remaining as of March 29 in the Santa Clara, Calif., company's buyback program, bringing its total repurchase authority to around $10 billion.
AMD, which had about 1.62 billion shares outstanding as of May 1, sports a market capitalization topping $182 billion.
The company shelled out $749 million to buy back 7 million shares during its fiscal first quarter ended March 29.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 14, 2025 09:16 ET (13:16 GMT)
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