In the third quarter 2012, AMD has some accumulated stocks of APU Llano generation, which were unused. Net loss on operations of $ 100 million happened in 2013, the company reached an agreement with the manufacturer of processors - now GlobalFoundries - lower production volumes and revise the terms of the contract.
According to the amended terms, in 2013, AMD had to pay for GlobalFoundries plate $ 1.15 billion It also had to pay a penalty to change the agreement.
At the last report conference CFO AMD admitted that GlobalFoundries forgave part of contracted amount. During the quarter, AMD must pay the remainder was $ 1.15 billion - $ 404 million . As it turned out, GlobalFoundries allowed to pay $ 190 million less than what was stipulated in the contract - to $ 960 million This is what, now shareholders should sue GlobalFoundries? Fortunately, GlobalFoundries - is entirely private company .
According to the official forecast of the company's revenue in the first quarter of 2014 will decrease by 13-19%. To this we must add that in the first quarter, AMD has to pay GlobalFoundries a fine for the last part of the contract change, and it is minus $ 200 million of revenue But in all this there is also a pleasant side. AMD company believes that demand for its processors in 2014 will be approximately the same as in 2013. It really is a sign of stabilization. Especially when you consider that the PC market is shrinking. Under the new agreement, the payment for the plate in the first quarter of 2014 is $ 250 million This brings us to the annual amount of payment for services at the level of $ 1 billion and stability, as it is known - is a sign of excellence.