AMD’s fortunes appear to still be in the dumps as the the company reported its fourth straight quarterly loss. The company reported a loss of $197 million (about RM824 million), which brings its total loss for the first nine months of 2015 to $557 million (about RM2.3 billion).
The microprocessor maker is being increasingly pushed out of the market by Intel and NVIDIA. This has been made worse by the announcement on Wednesday that Phil Rogers, the president of the Heterogeneous System Architecture Foundation, has left AMD to join NVIDIA as its “Compute Server Architect.”
During the earnings release, AMD also announced that it would be entering into a joint venture with Nantong Fujitsu Microelectronics for assembly and testing. The Chinese company has acquired an 85-percent share in AMD’s two facilities in Penang and China, and the deal will net AMD around $371 million.
This joint venture looks like AMD trying to cut losses. Combined with an earlier announcement that it would be cutting 5-percent of its global workforce.
Things do not look good for the future of AMD, but considering that it has made a net loss of $8 billion over the last 17 years without folding; we would say that the end is still relatively far off for the company.
[Source: Ars Technica]