Rise in bonds gives chipmaker new confidence
By Matt Robinson
Advanced Micro Devices Inc. is beating Intel Corp. in the bond market as it wins slots for its semiconductors in game consoles, ceding the shrinking market for personal computers to its larger rival.
Since Feb. 1, when Bloomberg News reported AMD chips would be used in the next generation of Sony Corp.’s PlayStation devices, its bonds have risen 16.7 percent, more than five times the gain for Intel Corp., according to Bank of America Merrill Lynch index data. Microsoft Corp. also plans to use AMD for the next version of its Xbox, Bloomberg said last month.