AMD's graphics and computing technologies power a variety of devices including PCs, game consoles and the computers that drive the Internet and businesses. AMD is known for its Athlon, Opteron, Phenom and Fusion processors.
For 2010, AMD reported revenues of $6.49 billion and net income of $471 million. 85% of revenues come from international markets.
Rory Read was named the new CEO of AMD in 2011. The company announced it would cut approximately 10% of its entire global workforce by mid-2012.
On May 1, 1969, Jerry Sanders and seven friends founded Advanced Micro Devices in the living room of one of the co-founders. The company was incorporated with $100,000. Within five years, the company had 1,500 employees making more than 200 different products.
The company would go public in September, 1972. In 1973, AMD opened its first overseas manufacturing base in Penang, Malaysia and began volume production.
The company would open a manufacturing facility in Austin, TX in 1979.
In 2009, AMD and Intel would settle all patent disputes with Intel paying AMD $1.25 billion.
In 2009, AMD spun off its manufacturing division with the creation of GlobalFoundries in a joint venture with Advanced Technology Investment Company of Abu Dhabi.
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Updated November 20, 2011