AMD (AMD) announced yesterday it had amended its wafer supply agreement with Globalfoundries,...

|By:, SA News Editor

AMD (AMD) announced yesterday it had amended its wafer supply agreement with Globalfoundries, and will take a one-time charge of $703M in Q1. AMD's Q1 2012 non-GAAP gross margin guidance of ~45% and the 2012 non-GAAP gross margin guidance of 44-48% remain unchanged.