AMD Raises Q4 Guidance
Higher-than-expected demand for chips and Flash memory products is fueling the strong quarter.Advanced Micro Devices Inc. on Thursday said it expects to fourth-quarter sales to come in at $700 million, a 35 percent jump over earlier projections from the chip maker. AMD, of Sunnyvale, Calif., said higher-than-expected demand for PC processors and continued demand for Flash memory products, particularly in the high-end mobile phone arena, are fueling the strong fourth quarter. The company had projected $508 million in sales.
The companys announcement comes the same day that rival Intel Corp. is scheduled to give its midquarter guidance. That is set for later this afternoon.