Microchip designer Advanced Micro Devices claimed that one should possess a non-cash profit in the fiscal first quarter of 2011 associated with the dilution of its equity interest in GlobalFoundries.

AMD, which is a rival of Intel in the desktop and server microprocessor market, has its manufacturing firm in 2009 in a business enterprise with Abu Dhabi-backed Advanced Technology Investment Co, or ATIC, creating GlobalFoundries.

AMD claimed that the filler has been implemented its funding and shareholders' agreements with ATIC, that its share in GlobalFoundries was nearly 14 percent, and at the same time would initiate the accounting for its investment in the firm making use of the cost method.

By releasing most of capital-intensive GlobalFoundries, AMD is concentrating on designing microprocessors and graphics cards. It has further stated that it would no longer invest further in the producer.

Shares o f AMD were left unchanged at $8.05 in late hours trading after edging up 1 cent whilst regular trading session.

The company further stated that it would initiate accounting for its investment in Globalfoundries making use of the cost method and will no longer be familiar with any financial contribution of the chip produce in its statements of operations.

"ATIC bought Chartered Semiconductor one year ago to integrate it into Globalfoundries, offering the industry a truly global foundry company," said Brian Lott, the executive vice president of communications for ATIC.