ATMP, or “assembly, test, mark, and pack,” will soon be 85% owned by NFME, who aim to pay AMD $371 million for its stake in the soon-joint operation. AMD will keep the remaining 15% of ownership. ATMP is a 1700-person operation based in Asia (China and Malaysia) and will continue operating, reportedly, at full force under new majority owner NFME. AMD hopes that this shift, along with its years-ago-begun shift toward fabless production, will reduce the resource drain exhibited by stagnant product.
|Earnings per share||-$0.25||-$0.23||-$0.02|
AMD wrote-off $65 million this quarter for unsold APUs, a developing trend for the company. For comparison, AMD wrote-off $58 million of APU-related inventory in 4Q14.
The “Computing and Graphics” segment, which obfuscates visibility to independent performance of GPUs, APUs, and CPUs, took a 46% year-over-year hit to revenue in 3Q15. This is following a 26% fall in quarterly GPU sales in 2Q15.
AMD looks toward the horizon for better days, promising drastic CPU improvements with its impending “Zen” architecture (rumored for 2H16).
- Steve “Lelldorianx” Burke.