back to article AMD bleeds red in Q1 after GlobalFoundries deal rejig

PC and server chip maker Advanced Micro Devices didn't do as badly as expected in the first quarter, with revenues only down 1.7 per cent to $1.59bn. But the red ink was deeper than usual in the wake of its restructuring of its relationship with fab partner GlobalFoundries, which cost AMD a $703m writeoff in the quarter. And …

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Anonymous Coward

No bleeding at all, really

AMD chose to buy out their exclusive APU/CPU production contract with GloFo at a cost of ~$800 M. They didn't have to do this but it was a wake-up call for GloFo and a strategic move that will benefit AMD and GloFo. Without the buy-out AMD actually made ~$200 M profit which ain't bad considering all the re-organization costs and the acquisition of SeaMicro which will net benefits almost immediately and help AMD grow their server Biz significantly.

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Anonymous Coward

Poor title for story

This is a pretty disingenuous title for a financial story.

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