AMD to Recognize Q1’11 $492M Non-Cash Gain from Globalfoundries Investment

Advanced Micro Devices, Inc. (AMD) said on Sunday it would record a $492 million, noncash gain in the first quarter, related to the dilution of its equity interest in Globalfoundries Inc, a company which AMD jointly created in early 2009 along with Advanced Technology Investment Co. According to a statement released from the co., the [...]