By Josh Beckerman
Advanced Micro Devices Inc. said it expects second-quarter
revenue will be lower than its previous guidance, citing weak
consumer PC demand.
The semiconductor company expects a sequential revenue decline
of about 8%, compared with prior guidance of a 3% decline, plus or
minus 3%.
The money-losing semiconductor maker has been shifting its focus
recently, saying it would lose money through the first half of the
year but return to profitability in the second half as it attempts
to grab greater market share in select businesses where it believes
it can make a profit.
Sunnyvale, Calif.-based AMD is the longtime second-fiddle in
microprocessors to Intel Corp. The two companies use the same
fundamental design, known as x86, that powers nearly all PCs.
In April, AMD said its first-quarter loss widened as its revenue
slumped and the company said it would exit its defense-server
systems business.
Write to Josh Beckerman at josh.beckerman@wsj.com
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