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AMD is an acronym for Advanced Micro Devices, a company that has been around since 1969, and since its launch in Santa Clara, California, the American company began producing microprocessors, mostly for other vendors, and then AMD acquired other companies and sold segments of its business, The company's two most important activities in this regard were the acquisition in 2006 of ATI Technologies, which later became AMD's GPU division, and the sale of its manufacturing division in 2008 to GlobalFoundries.