AMD reveals $293M joint venture alongside Q1 2016 financials

Stefan Mileschin · 24th April 2016, 07:43

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 ...

http://techreport.com/news/30020/amd...016-financials

24th April 2016, 07:43	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	AMD reveals $293M joint venture alongside Q1 2016 financials 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 ... http://techreport.com/news/30020/amd...016-financials

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
AMD To Spin-Off Back-End Testing & Assembly Operations Into Joint Venture	Stefan Mileschin	WebNews	0	16th October 2015 10:39
SoftBank puts $250 million toward joint movie venture with Legendary	Stefan Mileschin	WebNews	0	3rd October 2014 08:26
Toshiba / Samsung joint venture hit with lawsuit by LG over DVD+RW/RAM patents	Stefan Mileschin	WebNews	0	23rd August 2012 09:11
Intel, Micron Update NAND Flash Memory Joint Venture	Stefan Mileschin	WebNews	0	1st March 2012 08:13
Intel, Micron Update NAND Flash Memory Joint Venture	Stefan Mileschin	WebNews	0	29th February 2012 07:39
GE, Microsoft to Launch Joint Venture	Stefan Mileschin	WebNews	0	9th December 2011 07:58
Google Reveals Q1 2010 Financials	jmke	WebNews	0	17th April 2010 12:57
Sony and Toshiba Officially Form Semiconductor Joint-Venture	jmke	WebNews	0	21st February 2008 10:15
Gigabyte & ASUS Call Off Joint Venture	jmke	WebNews	0	23rd March 2007 11:12
ASUS and Gigabyte Form New Joint Venture	jmke	WebNews	1	8th August 2006 15:31