AMD posts 16% increase in sales in Q3

Chipmaker, AMD, has reported an increase of sales of 16% for the third quarter of 2010 compared to last year.

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Chipmaker, AMD, has reported an increase of sales of 16% for the third quarter of 2010 compared to last year.

The company achieved sales of $1.62bn (£1.01bn) in the period ending September 25, 16% up on $1.4bn (£873m) in the third quarter last year. It also reduced net loss from $128m (£80m) in 2009 to $118m (£74m) this year.

"AMD's third quarter performance was highlighted by solid gross margin and a continued focus on profitability, despite weaker than expected consumer demand," said Dirk Meyer, AMD chief executive.

"Our strategy to deliver platforms with superior visual experiences continues to resonate. We look forward to building on this momentum when we begin shipping our first AMD Fusion Accelerated Processor Units later this quarter," he added.

AMD announced its Fusion Accelerated Processing Unit (APU) chipset, codenamed Zacate, to improve graphic capabilities and GPU-enabled web browsing on lower-cost PCs, during the Intel Developer's Forum (IDF) in San Francisco last month.

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