超威半导体公司Advanced Micro Devices, Inc. (AMD) 2010年年度报告「NASDAQ」.pdf

1、2010 ANNUAL REPORT ON FORM 10-KTo Our Stockholders:2010 was a year of significant accomplishments for AMD.We delivered differentiated productsand platforms that expanded customer relationships and drove solid financial results.Our 2010 resultsdemonstrate the benefits of our new business model as a f

2、abless design company.The year alsomarked the start of the AMD Fusion Era of Computing as we shipped the first Accelerated ProcessingUnits(APUs)to customers worldwide.APUs combine an unprecedented level of processingperformance with low power consumption,enabling incredibly vivid and lifelike comput

3、ing experiences.We believe that as we enter 2011,we are well positioned to drive profitable growth.We plan tocapitalize on our position in the industry as the only company with both leading-edge graphics and x86microprocessors.We plan to seize the opportunity ahead and lead this next era of the indu

4、stry basedon our AMD Fusion family of processors.Consistent financial results with a new fabless business modelWe achieved many financial milestones in 2010,increasing revenue 20 percent year-over-year,restructuring our balance sheet,reducing our overall debt,improving our gross margin and deliverin

5、gpositive adjusted non-GAAP free cash flow.Most importantly,we demonstrated that our fablessbusiness model works,generating profitability at the operating income level every quarter in 2010.Weimprovedourbalancesheetbyreducingouroveralldebt.WithouttakingintoaccountGLOBALFOUNDRIESindebtedness,we reduc

6、ed our debt by approximately$357 million during 2010.We remain focused on adhering to strong financial discipline and believe that we are positioned forcontinued profitable growth in 2011.Delivering on a compelling roadmap with record achievementsThroughout 2010,we showed a consistent focus on execu