AMD has been restructuring its operations since appointing Read as its new CEO last August. Read has overhauled management and focused the company more on the server market while redefining its chip development strategy. The SeaMicro acquisition was a big step in its server strategy.

In February, AMD said it would start to integrate other companies' intellectual property in its processors, so it can offer purpose-built chips to customers. It said it would not rule out combining ARM-based designs with its x86 CPU and graphics chips.