Advanced Micro Devices, Inc. (NASDAQ:AMD) has announced that it would be moving its headquarters, from 1 AMD Place, Sunnyvale to the Santa Clara Square, Santa Clara. It should be noted here that the previous office had been built by AMD’s co-founder Jerry Sanders. On the other hand, the new headquarters is a state-of-the-art mixed use facility.
The headquarters would be comprised of six stories and would be capable of housing up to 1,000 employees. The company stated that it has obtained a long-term lease for the building, which is also near the headquarters of Nvidia and Intel, the two rivals of the microchip manufacturer. AMD has also been attracting significant attention from investors, after it delivered higher than expected revenue. The company noted that this was primarily due to a rise in graphics and custom chips, from game console manufacturers.
Earlier last week, AMD made an announcement that it would soon be releasing Zen, a new chipset from the company. The product had been introduced at a company event, on August 17 and has so far received an encouraging response. Analysts are already predicting that the next year would be great for AMD. Some even claimed that the Zen would be crucial in determining its relevancy in the chip industry.
Lisa Su, the CEO of AMD, stated during the event that if the competition was on its toes, it meant that the company was at its best. She claimed that in the FY2017, AMD would introduce its most competitive product portfolio, in the last 10-years. Mrs. Su also claimed that the new chipset would have a 40% superior performance than the previous model. AMD is currently focused on generating enough profits, to eliminate its debt load and reverse its losses in the market for personal computers, with the new design.
Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at a share price of $7.26 on August 19, up by 8.24%, as compared to its previous close. The stock had a trade volume of 300, during the session.
Life Clips Inc (OTCMKTS:LCLP) Closes 3rd International Distribution Deal For Mobeego In Less Than a Month
Life Clips Inc (OTCMKTS:LCLP) has announced that it has closed yet another international distribution deal, for Mobeego. The company announced that the deal had been signed for the distribution of Mobeego products in Chile. The press release cited Jorge Guinguis as the official independent distributor, for the region. The deal is expected to fetch over $170,000 in annual revenues for the company. This is based on the fact that Mr. Guinguis would have to meet a minimum annual quota requirement of 100,000 Mobeego units. Moreover, quarterly quotas would also have to be maintained, for the continuation of the agreement.
It should be noted here that this deal marks the 3rd international, six figures, distribution agreement, signed by LCLP for its Mobeego brand. The other two agreements concern the regions of Spain and Portugal and Brazil. The two agreements are valued at $700,000 and $800,000, respectively. Life Clips CEO, Bob Gruder, stated that the results speak for themselves and also announced that LCLP would continue pursuing distribution agreements, both nationally and internationally.