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Advanced Micro Devices Inc (AMD.PH)

AMD.PH on Philadelphia Stock Exchange

8.52USD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

AMD announces early results of cash tender offers and consent
Friday, 23 Sep 2016 08:10am EDT 

Advanced Micro Devices Inc : AMD announces early results of cash tender offers and consent . Increased tender cap for tender offer for 7.50% notes from $25 million to $125 million aggregate principal amount . Has decreased aggregate maximum tender amount from $1,035 million to $848 million .Co announced that it intends to accept for purchase $795 million aggregate principal amount of notes validly tendered on or before early tender date.  Full Article

AMD announces multi-year amendment to the wafer supply agreement with GlobalFoundries
Wednesday, 31 Aug 2016 04:15pm EDT 

Advanced Micro Devices Inc : AMD announces multi-year amendment to the wafer supply agreement with GlobalFoundries . Says establishes a framework for technology collaboration between AMD and GF at 7nm technology node . Agreement sets annual wafer purchase targets from 2016 through end of 2020, fixed wafer prices for 2016, and framework for yearly wafer pricing . In partial consideration for rights, amd will make $100 million cash payment to GF, paid in installments beginning in Q4 2016 through Q3 2017 . Will make quarterly payments to GF beginning in 2017 based on volume of certain wafers purchased from another wafer foundry . Grant to West Coast Hitech L.P., a warrant to purchase 75 million shares of amd common stock at a purchase price of $5.98 per share .Expects to record a one-time accounting charge in Q3 of 2016 of about $335 million comprised of $100 million payment and $235 million value of warrant.  Full Article

Advanced Micro Devices expects 2016 capital expenditures of about $80 mln
Thursday, 21 Jul 2016 05:30pm EDT 

Advanced Micro Devices Inc : For the full year 2016, expect revenue to grow low single digit percentage year-over-year . Sees q3 gross margin to be approximately 31% . Sees q3 inventory to be approximately $700 million . Sees q3 revenue to increase 18% sequentially, plus or minus 3% . For the full year 2016, expect capital expenditures of approximately $80 million .For the full year 2016, expect inventory to be down year-over-year.  Full Article

AMD Q2 non-GAAP loss per share $0.05
Thursday, 21 Jul 2016 04:15pm EDT 

Advanced Micro Devices Inc : Amd reports 2016 second quarter results . Q2 non-GAAP loss per share $0.05 . Q2 revenue $1.027 billion versus i/b/e/s view $951.3 million . Q2 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S . Qtrly gross margin of 31 percent, down 1 percentage point sequentially . Says for q3 2016, AMD expects revenue to increase 18 percent sequentially, plus or minus 3 percent .Qtrly GAAP earnings per share $0.08.  Full Article

Advanced Micro Devices gives Q1 2016 revenue guidance
Tuesday, 19 Jan 2016 04:15pm EST 

Advanced Micro Devices:Says For Q1 2016, based on a 13 week quarter, AMD expects revenue to decrease 14 percent, plus or minus 3 percent, sequentially.  Full Article

Nantong Fujitsu Microelectronics announces stake acquisition from subsidiaries of Advanced Micro Devices
Friday, 16 Oct 2015 08:00pm EDT 

Nantong Fujitsu Microelectronics Co Ltd:To acquire 85 pct stake in a Suzhou-based company AMD Technologies (China) Co.,Ltd, from China-based subsidiary of Advanced Micro Devices, through a Nantong-based investment company.SPV (HK), subsidiary of the Nantong-based investment company, to acquire 85 pct stake in a Malaysia-based company ADVANCED MICRO DEVICES EXPORT SDN.BERHAD, from Malaysia-based subsidiary of Advanced Micro Devices.  Full Article

Advanced Micro Devices gives Q4 2015 revenue guidance below analysts' estimates
Thursday, 15 Oct 2015 04:15pm EDT 

Advanced Micro Devices:Expects Q4 2015 revenue to decrease 10 percent, plus or minus 3 percent, sequentially.Reported revenue of $1.06 billion in Q3 2015.Q4 2015 revenue of $996 million - Thomson Reuters I/B/E/S.  Full Article

Advanced Micro Devices partners with Oculus and Dell to Power Oculus Ready PCs
Monday, 5 Oct 2015 04:30pm EDT 

Advanced Micro Devices:Says a collaboration with Oculus and Dell to equip Oculus Ready PCs with AMD Radeon GPUs, starting at $999USD.Says the powerful PCs are designed to deliver stunning gaming performance and enable spectacular VR experiences for consumers around the world by leveraging AMD VR leadership with LiquidVR™ and Graphics Core Next architecture.  Full Article

Advanced Micro Devices Inc to cut 500 global jobs, take $42 mln charge - Reuters
Wednesday, 30 Sep 2015 08:00pm EDT 

Advanced Micro Devices Inc:Struggling chipmaker Advanced Micro Devices Inc said it would cut about 500 jobs, or 5 percent of its global workforce, as it looks to rein in costs amid weak demand for its chips used in personal computers and intense competition - Reuters.AMD said it expects to take a charge of $42 million, with $41 million of that recorded in the just-ended third quarter - Reuters.AMD said it expected savings of about $58 million in 2016 from the restructuring plan - Reuters.The restructuring includes outsourcing certain IT and application development services, the company said in a regulatory filing on Thursday - Reuters.The job cuts will take place across AMD's global operations, including Austin, Texas, and company headquarters in Sunnyvale, California, Prairie said - Reuters.AMD had about 9,700 employees at the end of last year, according to its latest annual filing from February - Reuters.  Full Article

Advanced Micro Devices and Optiolabs to offer more secure computing experience
Wednesday, 30 Sep 2015 02:00am EDT 

Advanced Micro Devices Inc:Company and Optiolabs to offer more secure computing experience.Optiolabs announces a strategic partnership with the company.As a result of the collaboration, optiolabs' privateeye will be integrated with the new amd pro a-series processor.  Full Article

AMD revenue beats on demand for chips used in gaming consoles

Chipmaker Advanced Micro Devices Inc reported a better-than-expected 23.2 percent increase in quarterly revenue, helped by higher demand for graphics chips used in gaming consoles.