Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 13 November 2013 12:38

AMD gets a quick loan

Written by Nick Farrell



Lend us a tenner until Friday

Cash strapped chipmaker AMD has had to apply for a short term loan to help the company slow its financial decline. The outfit has raised half-billion dollar line of finance from a group of lenders, with Bank of America acting as agent.

All this is happening as AMD struggles with the economic downturn and a decline in PC sales. The outfit is good for the cash. After all it is focusing on game consoles and associated royalties, which at its fiscal third-quarter earnings saw the business unit increase in revenue by 110 percent on the previous quarter, and 96 percent year-over-year.

AMD said the proceeds of the five-year secured revolving line of credit, ending November 2018, which retires may be used for general corporate services, such as working capital needs.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments