The chip maker's chief executive said its partners' strong smartphone and tablet sales helped drive the record quarterly results, but missed on estimates. Its Q2 outlook also missed estimates.
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Top-spec computers, including serious number crunchers, are in recovery and continue to see growth in shipments, according to the latest data.
AMD tumbles to the end of the 2012 fiscal year with yet another poor result for its fourth quarter.
Standard & Poor has cut AMD's credit rating after the firm continues to struggle in the face of competition.
GlobalFoundries chief executive said that Asia is "rolling out the red carpet" for chip manufacturers, while Europe is ultimately losing out in much-needed investment as a result.
Chip designer MIPS is looking for other buyers, despite previously saying it would be acquired by Imagination Tech for $60 million in cash.
In two separate transactions, MIPS will be acquired by Imagination Tech. for $60m, while $350m worth of patents will be sold to a separate intellectual property firm.
AMD may lay off up to 30 percent of its global staff, days after the troubled chip-maker said its third-quarter may underperform in the face of weak demand and excess inventory.
In a major investment, Samsung will throw its weight behind a U.S. plant in order to build more chips for smartphones, as the world's largest phone maker seeks to meet growing demand.
Global sales in semiconductor chips have risen slightly in May on the previous month, but year-on-year the recovery is still under way.