AMD announces quarterly loss of $197 million, its fourth straight loss

AMD logoOn Thursday, the ever-struggling AMD announced its fourth straight quarterly loss—at $197 million—putting total losses for the first nine months of 2015 at $557 million.

Over the last 17 years, the company has sustained a total net loss of nearly $8 billion.

As part of the earnings release, the company also announced a new 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, Malaysia, and Suzhou, China, which will net AMD around $371 million.

Becoming Nvidia's Compute Server Architect after 21 years of service at AMD.

The new venture seems like yet another desperate move on the part of the chipmaker that once saw itself as a scrappy underdog to Intel.

On Wednesday, Phil Rogers, the president of the Heterogeneous System Architecture Foundation, left AMD after 21 years to join rival Nvidia as its "Compute Server Architect." Earlier this month, the company also announced it was cutting 500 white-collar jobs, or about 5 percent of its global workforce.

Back in April 2015, AMD said that it was leaving the high density microserver market, effective immediately—more than three years after acquiring SeaMicro in 2012 for $334 million.

What Atiq Raza, the company’s former president, CTO, and COO, told Ars more than two years ago seems to still hold true.

"There's no control on spending—even now, one of the problems is if you take a look at the salary structure," he said, "[AMD is] a sinking ship, fundamentally."

Source: Ars Technica

Tags: AMD, report

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