Sunday, December 04, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Sent Letter NHTSA Asking About Autonomous Vehicle Guidelines
Apple Blames Battery For Random iPhone 6s Shutdowns
Microsoft Stores Reveal Xbox Discounts And Offers
Researcher Bypasses The iOS Activation Lock
Facebook To Offer $20 million To Improve Silicon Valley Communities
Xiaomi Launches Voice -controller Mi Wi-Fi Speaker
Xiaomi "Denies" Mi MIX Nano Existence
Nokia D1C Specs Leak
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > AMD cha...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 18, 2008
AMD changes CEO, Discontinues Cell Phone and Digital TV Chip Business


Yet after six years as AMD's CEO, Hector Ruiz stepped down Thursday as pressure mounts on the company to dig itself out of a deep financial hole.

Ruiz, 62, will remain on the board of directors. He's being replaced as CEO by AMD's current president and chief operating officer, Dirk Meyer, 46, an engineer and chip designer who has been helping Ruiz run the company since 2006.

"Dirk's election to CEO is the final phase of a two-year succession plan developed and implemented jointly by AMD's board of directors and executive team," said Robert Palmer, lead independent director. "Under Hector's strong leadership, AMD drove the industry adoption of pervasive 64-bit and multicore computing, became a trusted enterprise-class partner to leading technology suppliers and significantly expanded its global footprint in high-growth markets like China."

"AMD has fundamentally altered the industry landscape, leading the innovation agenda while delivering greater choice and better experiences for our customers and users," said Ruiz, executive chairman, AMD. "Dirk is a gifted leader who possesses the right skills and experience to continue driving AMD and the industry forward in new, compelling directions. I am placing the company in excellent hands."

Nearly all the world's personal computers and many of the servers inside corporate data centers run on chips made by AMD or its much larger rival, Intel. Intel commands 80 percent of the global market for microprocessors. AMD has roughly the other 20 percent.

The executive changeover came as AMD reported that it lost $1.19 billion in the second quarter, worse than the $600 million it lost in the same period a year ago.

The biggest damage to AMD's finances came from the divisions that make chips for cell phones and digital television sets. The businesses were absorbed as part of AMD's 2006 acquisition of graphics chip maker ATI Technologies, and they were both underperforming, forcing AMD to write down their value by $876 million.

AMD said it plans to sell the businesses and have classified them as discontinued operations in its financial results.


Previous
Next
Singulus Sells The First BLULINE System for Blu-ray Dual Layer Discs to Axiom Technologies        All News        EU Add More Charges Against Intel
OCZ Unveils First Fatal1ty Brand DDR2 and DDR3 Memory     PC Parts News      Patriot Memory Releases DDR3 Notebook Memory for Intel's Mobile Platform

Get RSS feed Easy Print E-Mail this Message

Related News
Free Game Bundles For GeForce and Radeon Graphics Cards
Nvidia Was The Sole GPU Maker That Increased Its GPU Shipments In Q3 2016
AMD Radeon Open Compute Platform 1.3 Released At SC2016
New AMD Radeon Pro WX Series Graphics Cards Now Available
AMD's Response To Nvidia's GTX 1050 Ti Is The New Radeon RX 470D
New Radeon Pro 400 Series Graphics Power 15-inch MacBook Pro
New Lenovo Systems Commercial Desktops and Notebooks Are Featuring 7th Generation AMD PRO Processors
AMD Revenue Forecast Falls Short of Estimates
AMD Details Radeon Pro Pipeline for VR Content Creation
AMD Collaborates with Alibaba Cloud to Deliver Cloud Computing Services Based on AMD Radeon Pro GPUs
AMD To Launch Zen Platform At CES 2017, New Socket-compatible 7th Generation Pro chips Launch Now
AMD Brings The Power Of Polaris To Embedded With New Radeon E9260 and E9550 GPUs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .