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AMD is not for sale despite rumours of Oracle interest, says CEO Meyer

Advanced Micro Devices (AMD)'s CEO has spoken out against rumours that the company will be sold to Oracle.

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Advanced Micro Devices (AMD)'s CEO has spoken out against rumours that the company will be sold to Oracle.

Oracle CEO, Larry Ellison, sparked speculation last month by outlining the firm's interest in acquiring chip and software companies. "You could see us buy a chip company," reported the Wall Street Journal.

When asked about Oracle's interest in the microchip sector, AMD's CEO, Dirk Meyer, said at an industry conference in Barcelona this week, "AMD is not for sale, but we are happy to listen to any proposal which is in interest to our shareholders," according to a report by Reuters.

AMD announced the introduction of its Fusion Accelerated Processing Unit (APU) chipset, codenamed Zacate, to improve graphic capabilities and GPU-enabled web browsing on lower-cost PCs during the Intel Developer's Forum (IDF) in San Francisco last month.

Intel also released its new Intel Core processor family, with an integrated graphics core, at the same event. While ARM has released a processor for servers and smartphones.

"I don't really view ARM as a threat," added Meyer.

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