AMD appointed Tim Keating as senior vice president of Government Relations and Regulatory Affairs to enhance stakeholder engagement.
Quiver AI Summary
AMD has announced the appointment of Tim Keating as senior vice president of Government Relations and Regulatory Affairs, effective immediately. Keating's extensive experience in public policy, particularly from his previous roles at Boeing and Honeywell, positions him to enhance AMD's engagements with government and regulatory stakeholders, especially as high-performance and AI chips become increasingly integral to daily life. His background includes serving as a special assistant to the U.S. President and various positions in the U.S. House of Representatives. Keating holds a bachelor's degree in political science and an honorary doctorate of business administration.
Potential Positives
- Appointment of Tim Keating as senior vice president of Government Relations and Regulatory Affairs is a strategic move to enhance AMD's engagement with key stakeholders and improve public policy initiatives.
- Keating's extensive experience in government relations, including leadership roles at Boeing and Honeywell, brings valuable expertise to AMD as it seeks to navigate complex regulatory environments.
- The increasing importance of high-performance and AI chips aligns well with Tim Keating's background and could bolster AMD's positioning in the marketplace and with regulators.
Potential Negatives
- The announcement of a new senior vice president for Government Relations and Regulatory Affairs may suggest that AMD is facing increased regulatory scrutiny or challenges in government relations, necessitating additional leadership in this area.
- The involvement of Tim Keating, with his extensive background in government relations, might imply that AMD anticipates significant government engagement or potential legislation affecting their industry.
- The focus on high-performance and AI chips indicates a strategic pivot which could be a response to competitive pressure or shifts in technology trends, suggesting that AMD may need to rapidly adapt to maintain its market position.
FAQ
Who is Tim Keating and what is his role at AMD?
Tim Keating is the senior vice president of Government Relations and Regulatory Affairs at AMD, effective December 9, 2024.
What experience does Tim Keating bring to AMD?
Tim Keating has decades of experience in government relations, including roles at Boeing and Honeywell International.
Why is Tim Keating's appointment significant for AMD?
His expertise in public policy and regulatory landscapes is crucial as high-performance and AI chips become more vital.
How long has AMD been innovating in high-performance computing?
AMD has been driving innovation in high-performance computing for over 50 years.
Where can I find more information about AMD?
More information is available on the AMD website, blog, LinkedIn, and X pages.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AMD Congressional Stock Trading
Members of Congress have traded $AMD stock 8 times in the past 6 months. Of those trades, 3 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $AMD stock by members of Congress over the last 6 months:
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 2 times. They made 2 purchases worth up to $30,000 on 11/25, 11/01 and 0 sales.
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 5 times. They made 1 purchase worth up to $15,000 on 07/19 and 4 sales worth up to $60,000 on 08/06, 08/01, 07/31, 06/18.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$AMD Insider Trading Activity
$AMD insiders have traded $AMD stock on the open market 34 times in the past 6 months. Of those trades, 0 have been purchases and 34 have been sales.
Here’s a breakdown of recent trading of $AMD stock by insiders over the last 6 months:
- LISA T SU (Chair, President & CEO) has traded it 25 times. They made 0 purchases and 25 sales, selling 316,496 shares.
- FORREST EUGENE NORROD (EVP & GM DESG) sold 40,540 shares.
- MARK D PAPERMASTER (Chief Technology Officer & EVP) has traded it 5 times. They made 0 purchases and 5 sales, selling 32,956 shares.
- JEAN X. HU (EVP, CFO and Treasurer) has traded it 3 times. They made 0 purchases and 3 sales, selling 20,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AMD Hedge Fund Activity
We have seen 1,443 institutional investors add shares of $AMD stock to their portfolio, and 1,102 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO removed 18,223,966 shares (-45.4%) from their portfolio in Q3 2024
- PRICE T ROWE ASSOCIATES INC /MD/ added 15,190,985 shares (+75.5%) to their portfolio in Q3 2024
- GQG PARTNERS LLC removed 8,044,462 shares (-100.0%) from their portfolio in Q2 2024
- INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added 7,815,305 shares (+17137.3%) to their portfolio in Q3 2024
- FMR LLC removed 5,911,340 shares (-18.1%) from their portfolio in Q3 2024
- JENNISON ASSOCIATES LLC removed 4,933,827 shares (-29.4%) from their portfolio in Q3 2024
- UBS ASSET MANAGEMENT AMERICAS LLC added 4,183,017 shares (+30.5%) to their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SANTA CLARA, Calif., Dec. 09, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced that Tim Keating has joined the company as senior vice president, Government Relations and Regulatory Affairs, effective today.
“Tim is a strong addition to lead our government relations team,” said Ava Hahn, AMD senior vice president, general counsel and corporate secretary. “As high-performance and AI chips play an increasingly larger role in our daily lives over the coming years, Tim’s extensive public policy expertise and deep understanding of regulatory landscapes will play a critical role expanding our engagements with key stakeholders.”
Keating has decades of experience, including more than 14 years at Boeing as executive vice president, Government Relations. Before Boeing, he was the senior vice president of Global Government Operations at Honeywell International and served as special assistant to the President of the United States and as staff director for White House Legislative Affairs. He also held several positions with the U.S. House of Representatives. Keating received a bachelor’s degree in political science from the University of Scranton and an honorary doctorate of business administration from the University of South Carolina.
About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD)
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Contact:
Brandi Martina
AMD Communications
(512) 705-1720
[email protected]
Mitch Haws
AMD Investor Relations
512-944-0790
[email protected]
