Strong revenue doesn't stem red ink in AMD's fiscal third quarter
by from Techreport on (#1YSD2)
AMD posted a remarkable increase in revenue for its fiscal third quarter of 2016. The company took in $1.3 billion, up 23% year-on-year, thanks to "record" sales in its semi-custom SoC business and improved sales figures in its GPU and mobile APU businesses.
However, that cash inflow wasn't enough to offset losses from the $340 million one-time charge the company recorded earlier this year as part of a revision to its wafer supply agreement with ...