How PlayStation 4 Saved AMD from Bankruptcy

PlayStation 4 Credited with Saving AMD from Bankruptcy In a revelation that highlights the intertwined nature of the tech industry, a senior AMD employee has revealed that the PlayStation 4's success played a pivotal role in saving the chipmaker from bankruptcy a decade ago. Renato Fragale, AMD's current Sr. Director of OEM Consumer & Gaming Client Business, shared this insight on his LinkedIn profile, where it went largely unnoticed until recently. Detailing his responsibilities as Sr. Manager Product Development Engineering from 2012 to 2014, Fragale mentioned his team's involvement in the "product development team for Sony PlayStation 4 (PS4)." He described the console's launch as "one of the most successful launches in AMD history," emphasizing that it "helped AMD avoid bankruptcy." This claim is supported by AMD's financial records from that period. In 2013, the company reported a net loss of $83 million, accompanied by a 2% decl…