We got a quick update on Fusion, an AMD codename for CPU and GPU native chip. At a later date AMD renamed it to Swift. Since Intel is launching Clarksdale / Arrandale CPU and GPU on the same chip but with two separate dies in early 2010, AMD will be under a lot of pressure to launch such an CPU+GPU integrated chip.

We've seen before the 45nm Fusion got canceled due to some manufacturing challenges and we expected that AMD might give it a try with 32nm. Unfortunately this won't happen as next Fusion will have to wait for 22nm production that is scheduled for second part of 2012.

There is a chance that AMD might use the same approach as Intel and launch 32nm IGP and CPU two separate die solution on a same chip, but we believe it can easily happen. At the earliest you can expect 32nm chips from AMD in the second half of 2010.