Advanced Micro signs supply deal with Alcatel

Advanced Micro signs supply deal with Alcatel

Summary: Chip maker Advanced Micro Devices said on Monday it signed a $300m deal to supply French telecommunications equipment maker Alcatel with memory devices during the next two years

TOPICS: Processors

Under the deal, Advanced Micro will provide Alcatel with memory units to support Alcatel products such as high-speed digital subscriber line modems, cellular phones and telecommunications infrastructure, the companies said in a statement.

Advanced Micro's shares closed at 57-1/16 on Friday on the Nasdaq stock market.

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Topic: Processors

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