AMD reveals $293M joint venture alongside Q1 2016 financials
by from Techreport on (#1BBFB)
AMD has released its financial results for the first quarter of 2016. The company posted an operating loss of $68 million on $832 million in revenue, and it posted a net loss of $109 million. Revenue was down 19% from the year-ago quarter, but the company narrowed its operating and net losses compared to a year ago. Here's a tabular summary of the results:
AMD reports that it's forming a joint venture with Tianjin Haiguang Advanced Technology Investment Company, Limited (THATIC) to develop system-on-chip products for the Chinese server market. The underlying IP licensing agreement for "high-performance processor and SoC technology" is worth $293 million. AMD says ...