Advanced Micro Devices said Monday that it cut 600 jobs in the third quarter -- 100 more than it indicated in the guidance provided to Wall Street early last fall, according to a filing with the Securities and Exchange Commission. The 100 extra job cuts resulted in $70 million in restructuring costs...
Chipmaker Broadcom has agreed to acquire Advanced Micro Devices' digital television chip business for $192.8 million. About 530 AMD employees will join Irvine, Calif.-based Broadcom after the transaction closes, which is expected to take place sometime during the fiscal quarter ending Dec. 31. AMD i...
Nvidia this week released second-quarter earnings that its CEO deemed "disappointing." However, future projections of growth, as well as an increase to its stock buyback program, boosted its stock price by about 10 percent on Wednesday as Wall Street decided to focus on the firm's future prospects...
AMD on Monday launched a new line of PCs targeting small and medium-sized businesses. Through its business class initiative, the chipmaker aims to provide desktop solutions to customers stuck between consumer PCs and enterprise-class systems. "Often, SMBs don't need all the higher level performance ...
Phil Hester has exited the chief technology officer post at Advanced Micro Devices, according to reports, and he won't be replaced. The Sunnyvale, Calif.-based manufacturer of computer processors, which reported more than $6 billion in revenue in 2007 and trails only Intel in that market, reportedly...
Graphics card maker Nvidia announced Monday it has agreed to acquire Ageia, creator of PhysX, technology that adds a higher level of real-world physics realism to video games. Financial details of the deal were not disclosed. All major consoles -- the Sony PlayStation 3, the Nintendo Wii, and the Mi...
Advanced Micro Devices has received a welcome financial boost -- a $622 million infusion of capital from Mubadala Development, a wholly state-owned enterprise of Abu Dhabi. As part of the transaction, Mubadala received 49 million shares at a price of $12.70 per share. After reimbursing Mubadala $14...
Amid a sea of largely positive technology earnings, Advanced Micro Devices posted mixed results Thursday, with acquisition costs denting profits even as the company shipped a record-high number of processors for a third quarter. AMD did manage to beat Wall Street estimates for revenue, posting sales...
AMD's head of sales and marketing will leave the company next month, the company said, as the chipmaker finds itself struggling to regain market momentum it enjoyed as recently as last year. Henri Richard, whose title is chief sales and marketing officer, will exit the post sometime in September. Ri...
Advanced Micro Devices will reduce hiring and cut other expenses in response to a first-quarter revenue miss, a likely sign that larger rival Intel has regained the upper hand in recent months. AMD expects to report first quarter revenue of $1.225 billion, significantly below the $1.5 billion being ...
During the last quarter of 2006, Cingular Wireless' profits jumped fourfold and Sun Microsystems registered a profit for the first time in more than a year; however, Seagate Technology's earnings dropped by about 50 percent. Nevertheless, as many major tech companies report their earnings this week,...
Advanced Micro Devices, the world's second-largest microprocessor maker, warned Thursday that its fourth quarter results would come in below previous expectations. The news sent the company's shares spiraling and raised questions regarding the overall strength of the technology sector. AMD said rev...
Worldwide sales of semiconductors reached US$22.7 billion in November, an increase of 11.3 percent from the $20.4 billion in sales recorded during the same month in 2005, the Semiconductor Industry Association announced Tuesday. For the fifth straight month, the industry has set new sales benchmarks...
Two major chipmakers said Friday they had received subpoenas from antitrust investigators focusing on the market for graphics processing units and related chipsets. Both AMD and Nvidia announced they had received the subpoenas early Friday and both said they planned to cooperate with investigators f...
After US$5.4 billion dollars and nearly a year of discussions, Advanced Micro Devices finalized its takeover of graphics chip maker ATI, setting the stage for a revived fight with Intel and Nvidia, which becomes the Intel graphics partner by default. AMD -- which promised integrated platforms next y...
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