AMD announces quarterly loss of $197 million, its fourth-straight loss

(credit: Aurich Lawson / Thinkstock)

On Thursday, the ever-struggling AMD announced its fourth-straight quarterly loss—at $197 million—putting total losses for the first nine months of 2015 at $557 million.

Over the last 17 years, the company has sustained a total net loss of nearly $8 billion.

As part of the earnings release, the company also announced a new joint venture with Nantong Fujitsu Microelectronics for assembly and testing.

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