AMD ships 500 millionth x86 processor
AMD, the second largest global supplier of microprocessors, has announced it has just shipped 500 million x86 processors. The company founded in 1969, took forty years to reach the milestone. As part of its celebrations, AMD is giving away four HP pavilion dv2z notebooks to its users. To get the notebooks, users need to answer questions about AMD on Twitter.
But AMD’s milestone follows a disappointing quarter. The chip maker has just posted its 11th consecutive quarterly loss as revenues fell to $1.18 billion, down by 13 percent from the same quarter a year ago. The company's net loss was $330 million, or 49 cents a share, compared to $1.2 billion, or $1.97 a share, a year ago.
AMD is struggling in a muted market for computers, falling prices, increased onslaught from Intel and an ageing product line. The company is crucially trailing Intel in upgrading to 45-nanometer process, which leads to more economical, faster and efficient chips.