AMD cuts revenue forecast over manufacturing issues

The chipmaker has cut back its growth forecast for the third quarter, blaming issues at its supplier, GlobalFoundries

AMD said on Wednesday that its third-quarter revenue will be lighter than it expected and blamed its former manufacturing arm for the problems.

In a statement after market close, AMD said that it expects third-quarter revenue to be up four to six percent sequentially. AMD had said that its third-quarter revenue would be up 10 percent, give or take two percent, relative to the second quarter.

According to AMD, the weaker sales were due to manufacturing issues at GlobalFoundries, which makes the company's chips. AMD said there are shortages for its Llano chips. The company added that there are also "complexities" related to its 45nm chip supply.

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