AMD is profitable again. After over a year of substantial losses, the chipmaker managed to pull in a profit of $48 million for the third quarter of 2013, on an improved $1.46 billion in revenue. Needless to say, that's very good news for the troubled company, which lost $29 million last quarter and lost $131 million this time last year. But it may not be enough good news given how AMD made that money: the Xbox One and PlayStation 4 game consoles.

Back in the black, but still plenty to prove

AMD said that the CPU business actually continued to decline during the quarter - 6 percent sequentially, and 15 percent year over year. The reason AMD is …

Read the full story at The Verge.

AMD was in deep trouble, but the chipmaker appears to be clawing its way out of the hole. The company reported its Q2 2013 earnings today, and it's losing quite a bit less money than it did in previous quarters. While AMD lost a tremendous $473 million in Q4 2012, the company's losses narrowed to $98 million in Q1 2013, and today the company reported an operating loss of just $29 million on $1.16 billion in revenue.

In fact, the company's troubled processor business actually had positive income for the first time in a year. Computing Solutions reported an extremely modest operating income of $2 million - preferable to the $39 million it los …

Read the full story at The Verge.

AMD is finally set to release an all-ARM processor next year, but rather than a low-power chip made for smartphones and tablets, "Seattle" is a 64-bit processor intended for use in servers. The American chipmaker, which has been Intel's understudy in the x86 market for decades, previously announced it would integrate ARM into its processors, and has already done so with an x86-ARM hybrid chip meant for the "embedded " market. "Seattle," however, represents the first time the company has moved away from x86 entirely for a processor. It's set to debut in 2014.

Read the full story at The Verge.

AMD is hiring two senior engineers who previously worked at the company earlier in their careers before heading to rivals. Wayne Meretsky, a technical lead for Mac OS at Apple before joining AMD in 1999, returned to AMD once again in December after a stint at a robotics company and other roles. Reuters reports that Charles Matar is also returning to AMD as vice president of System-on-Chip Development following his departure from Qualcomm.

The two hires, described by AMD as an effort to expand into new markets, come shortly after former Apple chip designer Jim Keller joined AMD as chief architect in August last year. AMD has been losing mone …

Read the full story at The Verge.

It's not surprising in the least that AMD is in trouble, but if any doubts remained, this week's news that the chipmaker will sell its Austin, Texas campus and lease it back to raise cash should be a clear indicator. According to the Austin American-Statesman, AMD is in the planning stages of making a deal that would see its massive 58-acre Lone Star Campus - opened in 2008 - sold for an expected $150 to $200 million. The company would then sign a deal to lease back the space, which it built for an estimated $270 million, for 12 to 15 years, liquidizing some of its real estate assets and adding to its dwindling reserves of cash.

Such a deal …

Read the full story at The Verge.

There's blood in the water, and the sharks are circling around. AMD is in trouble, to the point where buyout rumors sound credible even when they turn out to be false. AMD's having trouble putting its processors into computers people want to buy. The company's losing money and some key personnel are abandoning ship. Under new management and after two rounds of layoffs, the stock price is practically as low as it's ever been, except once in late 2008 when the company was struggling to rid itself of tremendous debt amid the global recession.

It wasn't always this way.

Seven years ago, AMD processors ran circles around the Intel chips in their …

Read the full story at The Verge.