What is AMD?

Advanced Micro Devices, or AMD, is a US multinational semiconductor company that develops computer processors and other components for business and consumer markets.

When first launched in 1969, AMD manufactured its own processors, but has since become fabless after the 2009 GlobalFoundries spin-off. This means that AMD designs and sells hardware, but outsources the fabrication of devices to a semiconductor foundry.

Where does AMD stand in the market?