Advanced Micro Devices, Inc (NYSE:AMD) Launches Its Own Interface
In a totally unprecedented move, Advanced Micro Devices, Inc (NYSE:AMD) launched its very own low-level application programming-interface. This interface has been designed specifically for the Graphics Core Next (GCN) architecture that exists in the company’s Radeon graphics-chips. Advanced Micro Devices, Inc (NYSE:AMD) has been very consistent with criticizing proprietary-technologies. It said that it was inevitable that the company would develop Mantle API and it has the potential to become an industry standard.
The launch that had to take place
The company’s Director of software alliances & developer relations, Ritche Corpus said that at this point of time it makes perfect sense for the company to develop Mantle in the current form. This is because only the company itself knows its hardware at the lowest-level. This is why it is almost impossible for them to do that for any other graphics-hardware.
This new product is a cross platform API. At the outset, it will support only the Windows OS. It has been especially designed for the graphics-processing units and is based on the GCN architecture. It presents a greater level of hardware-optimization. Since it is a low level API, it has the capacity to overstep all the bottlenecks that other architectures pose.
Friday’s trading session
In Friday’s trading, Advanced Micro Devices, Inc (NYSE:AMD) rose by 0.26%. The shares opened at a price of $3.91, climbed to an intraday high of $3.95 and dipped to a close of $3.91. Approximately 17.13 million shares were traded on Friday while an average volume of 26.61 million shares were traded over a 30 day period. The 52-week low of Advanced Micro Devices, Inc (NYSE:AMD) shares is $1.81 and its 52-week high is $4.65. The company has a market capitalization of $2.82 billion.
About the company
Advanced Micro Devices, Inc (NYSE:AMD) is a global semi-conductor company that has facilities across the world.