AMD to More Than Double Flash Memory Supply to Cisco - TheStreet


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will more than double the amount of flash memory it will supply to


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under an amended three-year agreement between the companies.

The flash memory devices will be used to store code and data for Cisco's networking systems. AMD, a chipmaker, signed the original flash memory supply agreement with networking company Cisco in March.

Shares of AMD were recently up 94 cents, or 6.2%, to $16.19 in

New York Stock Exchange

trading. Cisco gained $1.81, or 4.2%, to $44.75 in