1、2014 ANNUAL REPORT ON FORM 10-KIt is an honor to share my vision for AMD in my first shareholder letter as President and CEO.AMD is acompany with a rich,45 year history of being at the leading edge of technology.I joined AMD because Ibelieve that we have an extraordinary combination of technology as
2、sets,engineering talent,and intellectualproperty to lead the next wave of innovation.My conviction in that belief grows stronger every day.2014:BUILDING A STRONGER AMDWe made good progress in 2014 strengthening AMD.We further diversified our business,introducedstrong new products,and improved our no
3、n-GAAP financial performance while also investing in keytechnology building blocks to fuel our future success.In 2014,we introduced our most advanced A-Series APU ever,offering industry-leading graphics and superior total compute performance.We also delivered theworld s fastest server GPU and deskto
4、p graphics card,and took several key stepsto foster the development of robust 64-bit ARMserver and embeddedecosystems in advance of our first ARM solutions launching in 2015.AMD-powered game consoles from Microsoft and Sony continued gainingmomentum in the year,with their combined sales now reported
5、ly outpacing theprevious generation by nearly 60 percent at the same point in their lifecycle.Apple expanded its use of AMD graphics technology,introducing thegroundbreaking AMD Radeon-powered AppleiMacwith Retina5K display.Also,we doubled the number of AMD-based commercial client design wins fromth
6、e previous year as new offerings from Dell,HP,and Lenovo helped us expandin this strategic portion of the PC market.Finally,we took important steps improving the financial foundation of thecompany,reducing annual non-GAAP operating expense approximately11 percent and re-profiling our near-term debt