AMD Hack Won’t Have a Material Impact on Business, Company Says

(Bloomberg) -- Advanced Micro Devices Inc. found hackers made off with limited information during a recent cyberattack, saying the infiltration shouldn’t have significant impact on its operations.

Most Read from Bloomberg

• Jain Global Raises $5.3 Billion, Secures Cash From Abu Dhabi

• How Long Can High Rates Last? Bond Markets Say Maybe Forever

• BuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’

• Tech Hits Stocks as Nvidia Extends Selloff to 13%: Markets Wrap

• Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up

The second-largest maker of PC processors launched an investigation this week after reports that an organization called Intelbroker had breached its systems. On Wednesday, AMD followed up to say that the intrusion did not obtain business-critical information.

Santa Clara-based AMD is the closest rival to Nvidia Corp. in the contest to build advanced artificial intelligence accelerators, making its technological knowhow and proprietary information a valuable target.

“Based on our investigation, we believe a limited amount of information related to specifications used to assemble certain AMD products was accessed on a third-party vendor site,” a company spokesperson said. “We do not believe this data breach will have a material impact on our business or operations.”

Most Read from Bloomberg Businessweek

• How Jeff Yass Became One of the Most Influential Billionaires in the 2024 Election

• Corporate Women’s Gains Fall Victim to Anti-Woke Backlash

• How to Do a Four-Day Workweek That Actually Works

• Why BYD’s Wang Chuanfu Could Be China’s Version of Henry Ford

• Ilya Sutskever Has a New Plan for Safe Superintelligence

©2024 Bloomberg L.P.