The 22nm process node they wanted to use was cancelled, and now they're basically working to push it their 14nm products instead. Kind of such (edit:sux) for them to be fabless.
Also they brought on the guy responsible for some of the earlier iPhone processors, which had great single-threaded performance (AMD's weakest point right now).
True. But you know how people say things like "people have been predicted AMD bankruptcy for 10 years, and they're still going". Well the reason they're still alive is because they flogged all the silver. And they hocked their teeth. And the company is deeply in debt. The company is worth negative equity, which the market still values at 2B.