The year is looking bright for AMD
Subject: General Tech | April 22, 2011 - 03:27 PM | Jeremy Hellstrom
Tagged: amd, income, billion, ATIC, quarter
It might not seem like good news that AMD's entire sales for this quarter don't match Intel's profits but that just exemplifies the size discrepancy between the two companies. It most certainly is good news, showing an improvement from this time last year partly thanks to ATIC, a partner with AMD in GlobalFoundries, purchasing Chartered Semiconducter and improving AMD's income on the books, if not through actual exchange of cash. The Register's report tells of improvements on sales of APU/CPUs but not so much from GPUs.
"Advanced Micro Devices is no longer a fabricator of chips, but it is still benefitting from spinning out its wafer-baking unit to GlobalFoundries.
In the first quarter ending April 2, AMD's sales were up a modest 2 per cent, to $1.61bn, but all of its costs were on the rise, and its operating income fell by 70 per cent, to $54m."
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