Previously, we saw that Advanced Micro Devices (AMD) improved its gross margin by increasing its mix of new products. However, the go-to-market cost of new products lowered its operating margin during weak revenue. Its capital expenditure rose 44% YoY to $163 million in 2018 as it built a new office. Its overall capital expenditure is lower than Intel's (INTC) $15 billion in capital expenditure, as the former outsources manufacturing to third-party foundries like Global Foundries and TSMC (TSM), while the latter has its own manufacturing facilities.