American Micro Devices
{{short description|American technology company}}
{{Distinguish|Advanced Micro Devices}}
{{Infobox company
| name = American Micro Devices
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| industry = Electronics
| genre = Computer diodes, integrated circuit boards
| fate = Liquidated
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| founded = 1961 in Minnesota
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| defunct = 1965
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| hq_location_country = United States
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American Micro Devices was an American semiconductor company based in Minneapolis, Minnesota. It was incorporated in 1961 and administratively dissolved in 1991.[https://mblsportal.sos.state.mn.us/Business/SearchDetails?filingGuid=710ab2f2-b7d4-e011-a886-001ec94ffe7f Business record details for American Micro Devices, Inc.], Minnesota Secretary of State
History
The company formed as an electronics manufacturer and designer in 1961.{{cite web |url=https://www.nytimes.com/1961/06/17/archives/new-concern-formed-american-micro-devices-to-make-electronic-items.html |title=NEW CONCERN FORMED; American Micro Devices to Make Electronic Items |last= |first= |date=1961 |website=The New York Times |access-date=March 22, 2019}} It was incorporated in Minnesota.{{cite web |url=https://www.orlandosentinel.com/news/os-xpm-1988-08-10-0060130119-story.html |title=CANNON GROUP SUIT DRAWING TO A CLOSE U.S. COURT MUST DECIDE WHETHER TO APPROVE OR MODIFY SETTLEMENT |last= |first= |date=August 10, 1988 |website=www.orlandosentine.com |publisher=Orlando Sentinel |access-date=March 22, 2019}} Joseph C. Worth was a cofounder and became president of AMD. Other cofounders were Milton I. Liberhaber and Dearl H. Belvis, as well as Louis Bialick, Lee Sudit, and Theodore M. Stone.
In May 1962, the company opened its electronics plant in Phoenix, Arizona.{{cite web |url=https://www.newspapers.com/image/116672828/?terms=%22American%2BMicro%2BDevices%22 |title=Modern Electronics Plant Begins Production Here |last= |first= |date=May 25, 1962 |website=www.newspapers.com |publisher=Arizona Republic |access-date=March 29, 2019 |url-access=subscription}} Its first stockholders meeting was held in August 1962.{{cite web |url=https://www.newspapers.com/image/117776458/?terms=%22American%2BMicro%2BDevices%22 |title=Micro Holds First Session Of Group |last= |first= |date=August 5, 1962 |website=www.newspapers.com |publisher=Arizona Republic |access-date=March 29, 2019}} It entered the market with its products in September 1962.{{cite web |url=https://www.newspapers.com/image/117618957/?terms=%22American%2BMicro%2BDevices%22 |title=Firm Adds Rectifiers |last= |first= |date=February 12, 1963 |website=www.newspapers.com |publisher=Arizona Republic |access-date=March 29, 2019}}
In 1962, American Micro purchased Standard Rectifier, Corp. in Santa Ana, California. Standard announced it would become an AMD division in Phoenix, where AMD had operating facilities.{{cite news |url=https://www.newspapers.com/image/117594620/?terms=%22American%2BMicro%2BDevices%22 |title=California Firm Purchased |date=October 6, 1962 |newspaper=Arizona Republic |access-date=March 29, 2019}} At the time, AMD manufactured "silicon computer diodes and integrated computer circuits."{{cite web |url=https://www.newspapers.com/image/188329941/?terms=%22American%2BMicro%2BDevices%22 |title=American Micro Buys Rectifier |last= |first= |date=November 1, 1962 |website=www.newspapers.com |publisher=The Minneapolis Star |access-date=March 29, 2019}}
In 1964, Sylvania Electric Products agreed to market some products for AMD.{{cite web |url=https://www.newspapers.com/image/184641052/?terms=%22American%2BMicro%2BDevices%22 |title=Sylvania to Market for Micro Devices |last= |first= |date=January 21, 1964 |website=www.newspapers.com |publisher=Star Tribune |access-date=March 29, 2019}}
On March 8, 1965, American Micro Devices voted through its board to "discontinue business and commence an orderly liquidatation of assets." President Ian B. Dickson said that it closed when Sylvania Electric Products "declined to order products for the first and second quarters of 1965." At the time, the firm had 3,000 stockholders, and had a contract to deliver $1.5 million worth of goods to Sylvania in 1964, and $2.5 million in 1965. Sylvania had become overstocked by 1965.{{cite web |url=https://www.newspapers.com/clip/29790387/american_micro_devices_announced_it/ |title=Firm Plans to Quit |last= |first= |date=March 8, 1965 |website=www.newspapers.com |publisher=Arizona Republic |access-date=March 29, 2019}} Assets owned by the company were auctioned off on May 11 and 12, 1965 in Phoenix.{{cite web |url=https://www.newspapers.com/image/163654846/?terms=%22American%2BMicro%2BDevices%22 |title=Public Auction |last= |first= |date=May 9, 1965 |website=www.newspapers.com |publisher=Arizona Daily Star |access-date=March 29, 2019}}
In 1988, the Chicago Tribune reported that "American Micro Devices, incorporated in Minnesota in 1961, was last offered on the over-the-counter market at 25 cents a share in late 1979. The following year, the company went out of existence and its stock became worthless, according to Robert D. Fisher, vice president with the New York-based R.M. Smythe & Co. stock-search firm."{{cite web |url=https://www.chicagotribune.com/news/ct-xpm-1988-07-25-8801170642-story.html |title=AVON'S SHARES NOT RINGING ANY BELLS |last= |first= |date=July 25, 1988 |website=www.chicagotribune.com |publisher=Chicago Tribune |access-date=}} By 1988, the stock was reported defunct. Fisher said at the time that "we found no trace of the company and believe it ceased to exist in 1980 or before".