Monday, November 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Toshiba's Board Approves $5 billion Injection to Stay Listed
LG Electronics Launches the ThinQ Hub AI Speaker
Verizon Signs Deal with NFL: report
Microsoft Offers Discounted Games for Xbox Live Gold Members, Sony Unveils PlayStation Deals
Apple HomePod Smart Speaker Won't Be an Option For Holiday Shopping
G.Skill Unveils Trident Z DDR4-4400 32GB CL19 Kit
Spotify Buys Soundtrap
Volkswagen to Invest Over $40 billion on Future Cars
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 > New AMD...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, November 04, 2011
New AMD CEO To Cut Company's Workforce


AMD is cutting some 1,400 workers as a weak computer market and manufacturing delays have hurt the world's second-biggest maker of microprocessors for PCs.

"Reducing our cost structure and focusing our global workforce on key growth opportunities will strengthen AMD's competitiveness and allow us to aggressively pursue a balanced set of strategic activities designed to accelerate future growth," said Rory Read, AMD president and CEO. "The actions we are taking are designed to improve our ability to consistently address the needs of our global customer base and stake leadership positions in lower power, emerging markets and the cloud."

AMD expects that the restructuring plan will result operational savings, primarily in operating expense, of approximately $10 million in the fourth quarter of 2011 and $118 million in 2012, primarily through a reduction of its global workforce by approximately 10% and the termination of existing contractual commitments. The workforce reduction will occur across all functions globally and is expected to be completed by the end of the first quarter of 2012, AMD said. Based on anticipated savings from the restructuring plan, AMD expects fourth quarter 2011 operating expenses will be approximately $610 million.

As a result of implementing efficiencies across the company's operations, AMD expects to save approximately $90 million in 2012 operating expenses in addition to the restructuring plan savings, resulting in more than $200 million of expected combined operational savings in 2012.

The company's actions pursuant to the restructuring plan will take place primarily during fourth quarter of 2011, with some restructuring plan activities extending into 2012.

Global computer chip revenue showed strong signs of life in the third quarter, jumping 16.1% compared to the same period in 2010, according to industry analyst firm IDC.

AMD showed strength in the mobile market while rival Intel gained in server chip sales.

IDC reported that Intel grabbed a full 80.2% of the global PC processor market. AMD showed an overall loss of 0.7% between the second and third quarters, ending up with 19.7% of the market.

In the mobile arena, AMD gained 2.4% to grab 17.6% of the market share. Intel slipped by 2.1%, ending with a still dominant 82.3% share.

As for the server/workstation segment of the market, Intel grabbed a 95.1% share. AMD had a 4.9% share.

IDC reported that AMD struggled in the desktop arena, as well. AMD held 24.1% of the market, showing a loss of 4.8%, while Intel gained a matching 4.8% to garner 75.8% of the market.


Previous
Next
Google Search Algorithm To Provide More Timely Results        All News        Amazon Introduces Lending Library For Kindle
Micron Expands Its LRDIMM Product Line With a 64GB Module     PC Parts News      Micron And A*STAR Data Storage Institute to Develop Spin Transfer Torque MRAM

Get RSS feed Easy Print E-Mail this Message

Related News
New Servers Based on AMD EPYC and AMD Radeon Instinct Platforms Appear at SC17
Intel to Add AMD Radeon Graphics to New Laptop Processor
Zen Cores Meet With Vega GPU cores in New AMD Ryzen Mobile Processors
AMD Reports Rise in Quarterly Revenue
AMD Unveils the Embedded Radeon E9170 GPU Based on Polaris Architecture
AMD's Ryzen Threadripper CPUs Get NVMe RAID Support
AMD 'Pinnacle Ridge' Series of 12nm Ryzen Processors Coming Early 2018
AMD Zen 2 "Matisse" Architecture Coming in 2019: report
GPU Shipments Increased from Previous Quarter
AMD Radeon RX Vega Graphics Cards and Radeon Packs Available Now
AMD Launches the Ryzen Threadripper High End Desktop Processors
AMD's new Threadripper 1900X Costs $549

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .