AMD latest to announce job cuts
Microprocessor company AMD has joined the list of companies who have announced job cuts to save money and stay competitive in these tough times.
AMD has announced that it’s cutting 500 workers from their operations.
This comes to around 3 percent of its global staff.
AMD said that this is one of [...]
AMD stock gets a boost from splitting news
AMD has just announced that they are splitting their operations into two entities as part of a deal with Abu Dhabi government.
The new helped the AMD stock gain in the stock market as it rose by 17 percent, to $4.93 in the New York Stock Exchange.
Analysts believe that [...]
Transmeta looking for a buyer
Processor Maker Transmeta has announced that they are now looking for potential buyers.
The company apparently has given up any hopes to stay independent for any longer.
They were once seen as a new player in the microprocessor market which is largely dominated by Intel. AMD and VIA are smaller players.
Transmeta said in [...]
DreamWorks Animation leaves AMD for Intel
DreamWorks Animation has announced that they are now planning to shift from AMD powered computers to Intel ones.
The company aims to switch to 3D movies only for their future offerings.
DreamWorks had collaborated with AMD in 2005 and the deal was for a period of three years.
They are not renewing the [...]
Two top level executives leave AMD
Advanced Micro Devices has revealed that two senior level executives are leaving the company.
Mario Rivas, executive vice president of the computing solutions group, and Michel Cadieux, chief talent officer have resigned from their existing positions in the company.
Both of them have said that they are leaving the company to pursue [...]
Advanced Micro Devices post another quarterly loss
Advanced Micro Devices has now posted yet another quarterly loss as the company struggles to compete against the new processors launched by rival company Intel.
The company is placing its bet on their new Barcelona processors to gain some market share. This series is facing technical issues which the company [...]
Phil Hester leaves AMD as its CTO
Advanced Micro Devices Inc. has revealed that their chief technical officer Phil Hester is leaving the company.
He has now become the third top level executive in the company to quit the company in the recent times.
AMD representative said in a statement that Hester has resigned to pursue other opportunities.
He [...]
AMD job cuts not applicable in India
Advanced Micro Devices has just announced that they are cutting as many as 1,600 employees worldwide.
The company however has no plans to cut any jobs in their Indian operations.
AMD India managing director Alok Ohrie was quoted as saying: “The job cuts are essentially at the global level but [...]
Advanced Micro Devices cutting 10% of its workforce
AMD is the second largest maker of microprocessors for personal computers. The company has been struggling since sometime to compete against the market leader Intel.
It is now apparent as they have now revealed their decision to cut 10 percent of its work force.
This decision was made after the [...]
AMD posts deeper third quarter losses
Microprocessor company AMD continues to struggle has Intel made a smashing comeback with their Core2Duo range of processors.
AMD has now posted deeper third quarter losses than the analyst’s expectations.
AMD said in a statement that its net losses were $396 million for the quarter ending in September.
This is a major disappointment [...]
