AMD revenue beats, company signs $293 million licensing agreement

(Reuters) - Advanced Micro Devices Inc's quarterly revenue handsomely beat Wall Street estimates and the chipmaker said it signed a $293 million licensing agreement with a Chinese investment group. AMD said it signed an agreement licensing its processor technology to a joint venture it has formed with Tianjin Haiguang Advanced Technology Investment Co Ltd (THATIC), an investment unit of Chinese Academy of Sciences. The company has been struggling with weak demand from China, its biggest market,