超威半导体公司Advanced Micro Devices, Inc. (AMD) 2008年年度报告「NASDAQ」.pdf

1、2008 ANNUAL REPORT ON FORM 10-K“Only two companies in the world develop and deliver x86 microprocessors in volume.Onlytwo companies in the world deliver leading-edge 3D graphics.Only AMD does both.”Dirk Meyer,AMD president and CEOTo Our Stockholders:Against the backdrop of an economically challengin

2、g year,AMD made bold moves in 2008 designed tostrengthen the company and create a more flexible operating model.We exhibited solid product execution,implemented restructuring plans to help reduce our break-even point,and worked to divest our non-strategicbusinesses to focus on what we do best:delive

3、ring leading PC and data center platforms.Given the economicrealities of the market,we are sizing the company in an effort to achieve consistent profitability,while continuingto invest in and deliver the strongest product and technology roadmap in AMDs history.2008:Year of Transformation Marked by S

4、trategic MovesWe recently announced the close of our Asset Smart transaction with the Advanced Technology InvestmentCorporation(ATIC)and the Mubadala Development Company of Abu Dhabi,creating GLOBALFOUNDRIES,a leading-edge semiconductor manufacturing company.GLOBALFOUNDRIES will allow AMD to scale o

5、urmanufacturing needs without having to fund the high costs of leading-edge semiconductor manufacturing.As aresult,AMD improved its cash position by approximately$825 million,excluding its consolidation of theoperations of GLOBALFOUNDRIES for financial reporting purposes,and transferred the repaymen

6、t obligationsfor approximately$1.1 billion in indebtedness to GLOBALFOUNDRIES.We have astute,strategic partners inMubadala and ATIC,who are committed to AMDs long-term success,while driving new industry innovationwith GLOBALFOUNDRIES.Strong Execution Leading to New Product Momentum2008 was also a ye