Advanced Micro Devices (AMD), founded in 1969 by Jerry Sanders and colleagues from Fairchild Semiconductor, initially focused on supplying logic chips, prioritizing quality control for the burgeoning computer industry. Early successes included the Am2501 counter and Am2505 multiplier. Going public in 1972, AMD expanded its product line, becoming a second-source supplier for Intel and other major players. The company entered the microprocessor market with the Am9080, a reverse-engineered Intel 8080 clone, leading to a cross-licensing agreement with Intel. A joint venture with Siemens further broadened AMD's reach. By the 1980s, AMD was a major supplier of x86 microprocessors, leveraging a landmark 10-year agreement with Intel. Despite a market downturn in the mid-1980s, AMD countered with aggressive innovation, including the Liberty Chip program. The company's success continued with the introduction of its own 386-compatible Am386, marking a shift toward direct competition with Intel. Strategic moves included the spin-off of its flash memory business into Spansion and the acquisition of ATI Technologies, significantly bolstering its graphics capabilities. Further restructuring and the offloading of manufacturing operations to GlobalFoundries allowed AMD to concentrate on chip design. The inclusion of AMD chips in the PlayStation 4 and Xbox One proved pivotal to the company's survival. Recent years have seen acquisitions of SeaMicro, Xilinx, and Nod.ai, strengthening AMD's position in servers, FPGAs, and AI software. In 2024, AMD's valuation surpassed $300 billion, following the acquisition of Silo AI, showcasing its continued growth and dominance in the semiconductor market.