超威半导体公司Advanced Micro Devices, Inc. (AMD) 2011年年度报告「NASDAQ」.pdf

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1、2011 ANNUAL REPORT ON FORM 10-KTo Our Stockholders:AMD enters 2012 firmly focused on becoming a solid execution engine,while positioningourselves to take advantage of growth opportunities driven by a fundamental shift in thecomputing ecosystem.We refreshed our product portfolio in 2011 to better ali

2、gn with the needs of our customers andconsumers.We enabled a new era in vivid computing,with the well-received launch of theworlds first Accelerated Processing Units(APUs)and continued to offer the best HDentertainment experience on the planet with our AMD Radeon graphics solutions.Inaddition,we wer

3、e pleased to exit the year with an improving server business with theintroduction of a new generation of AMD Opteron processors.2011 financial performanceWe executed well to our financial goals in 2011,and renewed our operational efficiencyefforts implementing several initiatives to help reduce cost

4、s,streamline processes and speedtime to market.While revenue was largely flat year-over-year,solid improvements innon-GAAP adjusted free cash flow allowed us to strategically reduce our debt by more than$200 million in principal value and strengthen our balance sheet.Further,we deliverednon-GAAP net

5、 income in every quarter.We believe that consistent operational and financial performance will strengthen our ability tostrategically invest in the areas of our business that will provide sustainable returns over the long-term.Improving momentum signals promising potentialWe shipped more than 30 mil

6、lion APUs in 2011,with 11 of the worlds top 12 global computer companies offering APU-based products,including Acer,Asus,Dell,HP,Lenovo,Samsung,Sony and Toshiba.We also shipped more than 100 million DirectX11-capablegraphics engines up from 2010 and underscoring our leadership in the graphics market