AMD turns in a profit for Q3

Chip company Advanced Micro Devices (AMD) turned in a profit for its third financial quarter, mirroring to some extent the success of X86 leader Intel last week.

The Sunnyvale company said that it had revenues of $1.69 billion and made a net profit of $97 million on gross margins of 45 percent.

During the quarter, AMD did particularly well with its Fusion chips, showing a 60 percent increase compared to its second quarter.

Rory Read, the newly fledged CEO of AMD, said that even though there were supply constraints on its Fusion chips, emerging markets including China and India helped it to gain notebook shares.

Sales of server chips appear not to be as healthy as they might be, but average selling prices (ASPs) increased compared to the last quarter. Desktop sales weren’t particularly strong.

AMD said that its Interlagos Opteron chips started shipping in its third quarter and that it had a number of wins in supercomputer installations in Germany, in the UK, in Switzerland and in the US Department of Energy’s Oak Ridge Laboratory.