Tech Hardware Supply Chain - Gazhoo

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Bhavin Shah (852) 2800-8538 bhavin.a.shah@jpmorgan.com 348 Asia Pacific Equity Research 20 April 2009 IC IDM Advanced Micro Devices ............... 349 Analog Devices............................... 350 Fairchild Semiconductor ............... 351 Infineon Technologies AG ............. 352 Integrated Device Technology ...... 353 Intel Corp......................................... 354 Intersil Corporation ........................ 355 Linear Technology.......................... 356 LSI Corporation .............................. 357 Maxim Integrated Products ........... 358 Melexis ............................................ 359 Microchip Technology ................... 360 Nanya Tech. Corp........................... 361 National Semiconductor ................ 362 NEC Electronics Corporation ........ 363 ON Semiconductor Corporation.... 364 Rohm Co., Ltd................................. 365 SanDisk Corp.................................. 366 Sanken Electric Co., Ltd. ............... 367 Semtech Corporation ..................... 368 STMicroelectronics ........................ 369 Texas Instruments Inc.................... 370 Winbond .......................................... 371
Bhavin Shah (852) 2800-8538 bhavin.a.shah@jpmorgan.com Advanced Micro Devices Company Description: Advanced Micro Devices, Inc. supplies integrated circuits for the personal and networked computer and communications markets, with manufacturing facilities in the United States, Europe, Japan, and Asia. The company produces microprocessors, flash memory devices, and support circuitry for communications and networking applications. Country: United States Ticker: AMD Analyst: Christopher Danely Rating: Neutral Price (US$): 2.4 Market Cap (US$MM): 1,600 No. of Shares (MM): 667 Founded: 1969; Listed: 1972 Fiscal Year End: December Key Management: Derrick R Meyer; Hector De J Ruiz; Robert J Rivet No. of Employees: 14,700 Business Alliances/Partnerships (US$ in millions) FY06 FY07 FY08 FY09E NA Revenues 5,649 6,013 5,601 3,800 Gross Profit 2,854 2,291 2,117 1,360 Operating Profit 504 (929) (1,021) (1,490) Net Profit 385 (1,443) (1,480) (1,910) Earnings per Share (US$) 0.8 (2.6) (2.44) (2.92) Return on Equity (%) -2 -14 NM (130.9) Capital Spending (1,856) (1,686) (622) (1,200) Research & Development Expenses 1,205 1,847 1,830 1,710 Cash & Cash Equivalents 1,541 1,889 1,096 2,154 Gross Debt 3,672 5,269 4,788 4,680 Owners’ Equity 5,785 2,990 (82) 1,451 Book Value per Share (US$) 10.9 5.2 (0.1) 2.2 Geographical Mix (2008) NA Other 22% US 12% Key Suppliers Europe 18% japan 3% china 44% Asia pacific 48% Source: Company, J.P. Morgan estimates. Share price is as of 12 March 2009. Asia Pacific Equity Research 20 April 2009 Product Mix (2008) Advanced Micro Devices Graphics 20% Computing 80% Large Multinationals (core OEM customers) Key Customers Selected regional accounts (core OEM customers) Target- Foreign and domestic manufacturers of PCs and PC motherboards COMPANY WEBSITE IC IDM 349
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Tech Hardware Supply Chain - Gazhoo

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