AMD beats expectations, rolls out new chips

Advanced Micro Devices (AMD.N) beat earnings expectations, underscoring the PC market's resilience as the chipmaker launches next-generation processors it hopes will close the gap with Intel Corp
(INTC.O).

The perennial runner-up to Intel in the multibillion-dollar global PC microprocessor market recently started shipping its Llano chips.

Industry experts have warned in recent months that the advent of mobile wireless devices will increasingly erode PC sales. But Intel smashed expectations this week, reaffirming the health of the market -- for now.

AMD said it has seen strong demand for other recently launched low-cost chips aimed at netbooks, a niche dominated completely by Intel but under pressure from increasing tablet sales.

Read Full Article from Reuters

- Posted: 2011-04-21 21:33:44

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