19 Oct 2007
Advanced Micro Devices (AMD) the second-largest chip maker in the world, has reported a $396m (£193m) loss for its third financial quarter of the year - the firm's fourth consecutive quarterly loss.
But the company has seen a rise in unit sales of AMD microprocessors, particularly for notebook computers. - up 68 per cent from the previous year.
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AMD has been struggling to break even after hefty competition with larger rival Intel.
But the company is encouraged by its progress, said chief financial officer Bob Rivet.
"We delivered a strong revenue increase and reduced our operating loss by more than half," he said.
On Tuesday, Intel reported a 43 per cent jump in third-quarter profits on soaring sales that reached more than $10bn (£4.9) during the period.
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