超威半导体公司Advanced Micro Devices, Inc. (AMD) 2012年年度报告「NASDAQ」.pdf

1、2012 ANNUAL REPORT ON FORM 10-KTo Our Stockholders:During 2012,a fundamental shift occurred that is re-defining the landscape of our industry andproviding new growth opportunities for AMD.Despite annual revenue declining 17%from theprior year,we faced the macro environment challenges head-on by taki

2、ng decisive actions toposition AMD for long-term success.Although we believe the PC market has begun tostabilize,we expect demand for PCs to remain choppy through the first half of 2013.As we embrace shifts in the industry that provide new growth opportunities,we are executing athree-step plan to st

3、abilize,accelerate and ultimately transform AMD:Completing the restructuring of our business.This is a critical step to reduce ouroperating costs and help return us to profitability.Accelerating our business in 2013.We have already successfully passed severalkey milestones as we execute the delivery

4、 and launch of a new set of powerfulproduct offerings based on our differentiated intellectual property(IP).Transforming AMD to take advantage of high growth opportunities in adjacentmarkets where our IP provides a competitive advantage and a path for growth.Restructuring Plan:Reduce Operating Expen

5、ses and Better Position AMD CompetitivelyIn the fourth quarter of 2012,we completed the majority of the restructuring initiatives we laid out during the third quarter.We aresimplifying our product development cycles,streamlining our supply chain operations,and methodically reviewing every process wi

6、thinthe company to improve our cost structure and gain efficiencies.Our restructuring efforts are expected to reduce our quarterly operatingexpenses by approximately 25%from early 2012 levels and position us for improved financial results in the second half of the year.Wealso remain focused on maint