Advanced Micro Devices, a chip designer headquartered in Sunnyvale, California (and Austin, Texas), is cutting 500 jobs to cut costs (5% of its global workforce). The move is expected to bring the headcount down to under 9,000 employees, right in about the same number of employees as one of its competitors, NVIDIA Corporation. For anyone familiar with the processor market, this shouldn’t come as a surprise. The company has been struggling to make competitive products over the past couple of years, with even highly innovative products often not being in stock due to low availability. The chip maker is struggling to keep up with its main competitors, with Intel currently
AMD Moves to Justify Radeon 300 Series Rebrand
Just like in the world of sports, there is a lot of personal and below-the-belt attacks on companies we report about, and quite often the heated exchanges happen about Sony, Microsoft or Nintendo consoles, or if we go down to the chip level – discussions about Intel, AMD or Nvidia (interestingly though, we don’t see Qualcomm receiving a lot of flak). Recently, we saw a lot of heated media coverage and comments criticizing the company’s decision to rebrand some of its silicon again, now into the Radeon 300 Series moniker. As a part of its 2015 line-up, some Radeon 300 Series parts are based on silicon
AMD to Go Private, Split into AMD and ATI Again?
Friday evening in the U.S. is typically the ideal time for a media outlet to break a story that could wreak havoc on Wall Street on Monday morning, leaving just the enough time to gather traction and positioning on search engines. Thomson Reuters probably did just that. Hot on the heels of successful APU and GPU announcements, with the launch of its “Carrizo” APU and Radeon 300 graphics cards, as well as breakthrough Fiji graphics processor; AMD’s stock finally started to post healthy gains. After being ‘in the wild’, losing 40% of its value over the past 12 months, falling to levels last seen in
Key Executives Depart AMD
Lisa Su faces another challenge as CEO of AMD as three key executives leave the company.