AMD looks to raise $4 billion to $5 billion in debt offering, source says

AMD looks to raise $4 billion to $5 billion in debt offering, source says FILE PHOTO: Illustration shows AMD logo · Reuters Saeed Azhar and Rashika Singh Thu, August 13, 2026 at 6:00 PM GMT+2 2 min read AMD By Saeed Azhar and Rashika Singh Aug 13 (Reuters) - Advanced Micro Devices on Thursday launched a four-part debt offering that could raise between $4 billion ‌and $5 billion, according to a source and terms reviewed by Reuters, ‌as the chipmaker seeks funding flexibility amid a broader wave of tech-sector fundraising driven by investments ​in AI. The offering includes senior unsecured notes due in 2029, 2031, 2033 and 2036. Initial price discussions were set at about 70 basis points over U.

S. Treasuries for the 3-year notes, 90 basis points for the 5-year tranche, 100 basis points for ‌the 7-year notes and 115 ⁠basis points for the 10-year debt. The company said it intends to use the proceeds for general corporate purposes, which may ⁠include the repayment of debt.

"AMD is committed to maintaining its strong financial balance sheet and we have strong investment grade ratings. We intend to leverage net proceeds from ​the offering ​for general corporate purposes," an AMD spokesperson ​said. The offering underscores how semiconductor ‌companies are increasingly turning to capital markets as they race to fund AI-related investments, data-center expansion and manufacturing projects.

Earlier this week, Intel raised $20 billion in an upsized stock offering to help finance its contract chipmaking ambitions. AMD also filed with the U. S.

Securities and Exchange Commission earlier on Thursday in connection with the offering, though ‌the filing did not disclose specific terms ​of the deal. The debt sale comes as AMD ​continues to expand its AI and ​data-center businesses, where it competes with larger rival Nvidia and challenges ‌Intel across multiple processor markets. Bank of ​America, JPMorgan, Barclays and ​Wells Fargo are leading the debt sale, according to the term sheet.

The bonds are expected to settle on August 17. Earlier this month, AMD ​forecast third-quarter revenue above ‌Wall Street estimates and said data-center sales would more than double ​by 2027, underscoring strong demand for its AI-focused chips.