Intel Refutes Rumor of...
Refutes Rumor of Licensing AMD Graphics Technology
Intel refuted a rumor spread by a technology Web site saying it is licensing graphics chip technology from AMD. The rumor had pushed up AMD shares by 12% on Tuesday, only to see the stock come crashing down by that amount on Wednesday after AMD management did not offer any mention of such a deal.
Chip giant Intel (tonight refuted rumors it is licensing graphics chip technology from Advanced Micro Devices (In a statement sent to Tech Trader Daily by an Intel spokesperson, the company said "The recent rumors that Intel has licensed AMD's graphics technology are untrue."A rumor had spread on Tuesday that AMD had won a deal to license its graphics technology to Intel, as related by Fuad Abazovic of Fudzilla, wrote that an AMD-Intel deal was “confirmed,” without citing sources.When AMD failed to disclose any such deal yesterday,
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