AMD cuts Q3 outlook, blames production glitch at Dresden plant

09/29/2011 | Bloomberg ·

Advanced Micro Devices reduced its forecast for the third quarter, saying sales would be up 4% to 6% from the year-ago period, rather than the 10% increase it predicted earlier. The company blamed production difficulties at its manufacturing spinoff, GlobalFoundries, which is having trouble turning out AMD's "Llano" accelerated processing units and processors with the "Bulldozer" micro-architecture at its fabrication facilities in Dresden, Germany.

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