Hatamian

Order Denying Motion to Dismiss

Plaintiffs Babak Hatamian, et al. bring this securities fraud action against defendants Advanced Micro Devices, Inc., et al. (“AMD”). Plaintiffs allege a violation of Section 10(b) (Count I) and Section 20(a) (Count II) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder.

Defendants have filed a motion to dismiss Count I under Federal Rule of Civil Procedure 12(b)(6), arguing that plaintiffs have failed to state a claim. 1 . (Dkt. No. *1152 66.) Plaintiffs have responded (Dkt. No. 79), and defendants have replied (Dkt. No. 84).

Having carefully considered the papers submitted and the pleadings in this action, and for the reasons set forth below, the Court hereby Denies the motion to dismiss.

I. Background

The facts at issue in this case, as pleaded in plaintiffs’ 100-plus page Corrected Class Action Complaint (“CCAC”) (Dkt. No. 61), are well-known to the parties; relevant facts from the CCAC are set forth below.

A. AMD’s Microprocessor Production and Sales Process

Defendant AMD is a semiconductor company whose main products include microprocessors and other component parts, which must be integrated into a larger system in…