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Advanced Micro Devices Inc

BUSINESS
July 19, 2005 | From Associated Press
Four of the world's largest computer chip makers and New York state said Monday that they would spend $600 million over the next five years on a research, education and economic development project focused on creating the next generation of computer microchips while limiting costs. The project will get $200 million in funding and equipment from Armonk, N.Y.-based IBM Corp., Sunnyvale, Calif.-based Advanced Micro Devices Inc.
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BUSINESS
July 14, 2005 | From Associated Press
Advanced Micro Devices Inc.'s second-quarter profit on Wednesday fell 65% but beat Wall Street expectations as the chip maker reported record microprocessor sales. AMD said processor sales rose 38% from a year earlier, while revenue at its division that makes flash memory for cellular phones and other devices slumped 31%. AMD plans to spin off the flash memory business in a public offering. For the period ended June 26, AMD earned $11.3 million, or 3 cents a share, on sales of $1.26 billion.
BUSINESS
June 28, 2005 | From Reuters
Advanced Micro Devices Inc. on Monday unveiled its most expensive consumer processor, a $1,031 chip for video game enthusiasts that highlights AMD's new plan to market itself as a technology leader, not a cheap alternative to rival Intel Corp. The chip, called the Athlon 64 FX-57, costs more than what many people pay for an entire personal computer. Gamers, looking for ever more detailed graphics and speed, tend to spend freely on the cutting-edge technology.
BUSINESS
May 31, 2005 | From Associated Press
Advanced Micro Devices Inc. is set to launch its first PC microprocessors with two computing engines on a single chip today, expanding its product line with a technology that is expected to be a major driver of personal computer performance for years to come. The four dual-core chips to be unveiled at the Computex trade show in Taiwan are targeted at high-end personal computers used for advanced tasks such as creating or editing digital media. In April, Sunnyvale, Calif.
BUSINESS
April 21, 2005 | Terril Yue Jones, Times Staff Writer
Intel Corp. and Advanced Micro Devices Inc. this week begin a new round in their fight to be first with cutting-edge technology: Both companies are introducing dual-core microprocessors that can crunch data faster than traditional chips. AMD is expected today to announce its dual-core chips for server computers, which run large corporate computer systems. Intel on Monday introduced dual-core Pentium desktop chips.
BUSINESS
April 14, 2005 | Terril Yue Jones, Times Staff Writer
Advanced Micro Devices Inc., the world's No. 2 computer chip maker, said Wednesday that it swung to a loss in the first quarter and would spin off its memory chip business to focus on higher-profit processors. Weak pricing for memory chips led Sunnyvale, Calif.-based AMD to record a loss of $17.4 million, or 4 cents a share, in the quarter, contrasted with a profit of $45.1 million, or 12 cents, a year earlier. Revenue was $1.23 billion, virtually flat compared with $1.24 billion last year.
BUSINESS
January 8, 2005 | From Reuters
Advanced Micro Devices Inc. introduced its Turion brand of notebook computer chips, a name it hopes will evoke the open road as the company aims to make headway in a market in which it lags. AMD has about 9% of the market for notebook microprocessors, a business increasingly dominated by rival Intel Corp. The AMD Turion 64 Mobile Technology is aimed at "thin and light" notebooks, and Sunnyvale, Calif.-based AMD will continue to sell Mobile AMD Athlon 64 for full-sized notebooks.
BUSINESS
January 4, 2005 | From Bloomberg News
Advanced Micro Devices Inc. this week will unveil a chip to let people download digital television programs from a set-top box to a portable media player, without a personal computer. The strategy opposes Intel Corp.'s plan to pack the features into PCs that consumers would put in living rooms to replace digital video recorders, cable and satellite set-top TV boxes and other electronics. AMD, which also sells chips for media PCs, says consumers want the choice.
BUSINESS
October 5, 2004 | From Reuters
Semiconductor maker Advanced Micro Devices Inc. warned Monday that its quarterly revenue would be lower than forecast, citing softness in sales of its memory chips used in cellphones and other devices. Its shares fell after the warning. Sunnyvale, Calif.-based AMD did not provide a specific revenue or per-share profit forecast for the third quarter. AMD follows its larger rival Intel Corp. in saying that sales of flash memory chips were less than forecast in the quarter.
BUSINESS
September 2, 2004 | From Reuters
Advanced Micro Devices Inc. Chief Executive Hector Ruiz laid out a plan to break what he called the monopolistic grip on the microprocessor industry by Intel Corp., saying he wanted a "true duopoly" with its archrival within five years. He said AMD, based in Sunnyvale, Calif., accounted for less than 10% of the dollars spent on microprocessors but would ratchet that share up to 25% or more through both differentiated product development and a more cost-efficient internal organization.
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