Items tagged with Q1 2012
AMD's burgeoning profitability took a hammering in Q1 thanks to a $700M deal with GlobalFoundries, its purchase of SeaMicro, and a sequential decline in sales. Total company revenue was $1.59B (down from $1.69B in Q1 2011), but Sunnyvale delivered a $590M net loss. Much of that is attributable to the company's new deal with GlobalFoundries, in which AMD paid GF $700M, and transferred all of its ownership stake in the company in exchange for "non-exclusivity" for 28nm APU production. Put simply, AMD paid GF for the right to manufacture 28nm APUs somewhere else -- and they paid through the nose.... Read more...