Despite manufacturing problems, there was an uptick in demand for AMD's chips, Read said. AMD is doing well in the market for PCs priced between $200 and $600 and is gaining market share worldwide from rivals, Read said. Third-quarter revenue for AMD's mobile processors grew 20 percent year over year.

About 90 percent of processors shipped during the third quarter were Fusion chips, which combine a graphics processor and CPU in a single chip. The line of Fusion processors includes chips code-named Ontario and Zacate for netbooks and low-power PCs, and Llano for mainstream PCs.

The PC market is solid and will continue to grow consistently over the next several years, Read said.

Read was hired as AMD's CEO in late August, and on Oct. 19 the company hired former Apple executive Mark Papermaster as its chief technology officer. A new management team was hired amid criticism of AMD's slow entry into the tablet market and failure to take server market share away from Intel.

Read declined to reveal AMD's future tablet plans but said the company will "double down" on low-power chips and extend its Fusion architecture to new markets. The company has already said that it would