When Advanced Micro Devices (AMD) announced its first quarter 2016 results, the company executives stated that they’re on track towards return to profitability in the second quarter of this year. In Q1 2016, the company suffered a $109 million loss on $832 million revenue, during a silent quarter stifled with the lack of orders (post-holiday blues in the West meets Lunar New Year two-week slowdown). The announcement of the Chinese Joint-Venture which might lead to AMD enterprise x86 processors becoming a standard feature in Chinese government institutions is going to earn company much more than the $293 million licensing fee, as AMD now has access to a plethora of R&D grants
