AMD (Advanced Micro Devices) is a global semiconductor company founded in 1969 and headquartered in Santa Clara, California, that makes strategic corporate investments and acquisitions to advance its position in computing, graphics, and data center markets. AMD's corporate development activity focuses on acquisitions and equity investments in companies aligned with its core hardware roadmap, including the landmark $49 billion acquisition of Xilinx in 2022 and the $1.9 billion acquisition of Pensando Systems. The company also acquired AI software company Nod.ai and server management firm Mipsology to strengthen its AI and data center ecosystem. AMD invests strategically rather than operating a traditional VC fund, targeting companies in semiconductors, AI infrastructure, FPGAs, and adaptive computing.