Chips down, AMD charts recovery

In the past few years, chip maker Advanced Micro Devices Inc has challenged its biggest rival Intel Corp as never before in the company's 40-year history. But the company took a hit after its questionable acquisition of graphic chip maker ATI in 2006 and a major product gaffe.

In China, the company has seen major success by building an active partnership with domestic computer makers like Lenovo, Tongfang and Founder that made China become AMD's largest single market last year.

Last month, as a result of a two-year transition plan, Hector Ruiz handed over his position as the company's CEO to Dirk Meyer, AMD's former president and chief operating officer.