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Asset-smart details to be given in near future, says AMD’s Hector Ruiz
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The widely touted but long anticipated strategic business move to an
‘asset-smart’ model for AMD would seem to be getting closer judging
from comments from Hector Ruiz, Chief Executive Officer and Chairman of
AMD. Ruiz told financial analysts in a conference call that tangible
details of its asset-smart strategy would be revealed in the ‘near
future.’
Ruiz also said that he was leading the complex aspects of the
model and was being undertaken at a ‘fast pace,’ though he declined
several times in the Q&A session to be drawn on revealing any
details or potential timing.
As noted by one of financial
analysts, it is about a year since Ruiz first stated that AMD was
starting a review of an asset-lite strategy that was later dubbed
asset-smart.