May 1 (Reuters) - Chipmaker Advanced Micro Devices Inc reported a smaller quarterly loss on Monday, fueled by demand for its latest Ryzen processors and its graphics chips.
The company’s net loss narrowed to $73 million, or 8 cents per share, in the first quarter ended April 1, from $109 million, or 14 cents per share, a year earlier.
Revenue rose 18.3 percent to $984 million.
AMD is looking to re-establish itself as a viable competitor in the global semiconductor market through its Ryzen processors, targeting the personal computer market, and its Radeon and FirePro graphics processors. (Reporting by Narottam Medhora in Bengaluru; Editing by Sriraj Kalluvila)