AMD beats expectations but accounting write-off leads to a huge $590M net loss

Chip maker Advanced Micro Devices reported today that its first quarter results beat expectations, but the company had a big loss of $590 million. While AMD is very competitive with its product line-up, the results show that it’s not easy to keep waging in the unending war with Intel, the world’s biggest chip maker. Worth noting is that the loss is due not to operations but to an accounting charge.

Intel’s chip market share hits a 10-year high

Intel’s decision to get out of memory chips and focus on microprocessors in the 1980s is still paying off. Fueled by strong sales in its core PC chips business, Intel reached its highest overall chip industry market share in more than 10 years, according to market analyst IHS iSuppli.