Having spoken with representative from AMD, we can confirm those in the comments were correct and that "the settlememt is coming from our insurance carrier….So there is no financial impact to AMD."
Good news for AMD and enthusiasts!
Those indignant souls for whom the recent issues with Vega's launch represent the worst thing to happen ever in the history of the world may be somewhat discombobulated to learn that worse happened a mere eight years ago. It was a heady time for AMD, three years previous to these events they had just purchased ATI and were excited about the growth potential offered from having two types of products. Bright minds at AMD realized there was a different potential for growth; synergistic in nature. Why limit yourself to just selling GPUs and CPUs when you could combine the two in a silicon version of a Reese's Peanut Butter Cup? Thus was born Llano, a chip touted to rival Sandy Bridge in computational power with an APU more powerful than any which had existed before.
The launch of Llano was delayed several times and when it finally arrived in 2011, two years after the initially planned release date, it did not outperform Sandy Bridge as advertised. Instead the A8-3850 could mostly hold its own against the Core i3-2100 in multi-threaded tasks but fell far behind in single threaded performance. This was a major issue as there were even less applications taking advantage of multithreaded processors than there are today.
The graphics portion of the chip was very impressive, offering the first APU which you could actually use to game and watch HD video; perhaps not Crysis but certainly many online games were well within Llano's grasp. This was not enough to save Llano in the marketplace and set the stage for the following years in which AMD has struggled.
Today we learn of the final penalty AMD must endure as a result of Llano, a $29.5 million payout to anyone who purchased AMD shares between April 4, 2011 and October 18, 2012. This is not the best timing for AMD to dig into their pockets, their budget is already stretched and we would all prefer to see that money going into R&D for their next generation of products. However, the lawsuit is no longer hanging over their heads and they can now budget for the coming quarters without having an unknown expense in the ledgers.
Hopefully AMD's fortune will reverse in the near future, as Threadripper, Epyc and Vega all show very good signs compared to the state of AMD six years ago.
"Advanced Micro Devices has agreed to pay out $29.5m to settle a class action lawsuit its shareholders filed after the disastrous Llano chip rollout."
Here is some more Tech News from around the web:
- 2D semiconductors could make negative conductance devices @ Nanotechweb
- Qualcomm Is Losing a Top Executive at a Key Time @ Fortune
- Tech Firms Team Up To Take Down 'WireX' Android DDoS Botnet @ Slashdot
- Samsung Electronics to invest $7 billion to boost China NAND chip output @ Reuters
- Crucial unleashes BX300 aimed at bringing SSDs for all @ The Inquirer
- Expanded titanium disulphide improves magnesium rechargeable battery @ Nanotechweb
- AMD and Baidu team up to advance GPU computing in datacenters with Radeon Instinct MI series @ DigiTimes
- Intel ME controller chip has secret kill switch @ The Register
- Arozzi Arena Gaming Desk Review @ Neoseeker
- SJCAM SJDASH Car Dashboard Video Camera Review @ NikKTech
- iPhone 8 release date, specs and price: Apple to subvert Qi wireless charging standard? @ The Inquirer
- Teaching Interns The Joy Of Collecting Trash With NVIDIA Jetson Robots @ Techgage