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AMD to cut thousands of jobs
Advanced Micro Devices (AMD) will very likely cut 2340 jobs which is about about 20 percent of the workforce. Yesterday we already informed you their prognosis Q3 revenue report which was very worrisome. AMD suffers a lot from the dropping demand in PC market and expects that sales will drop with another 10% in the upcoming Q3. We expected loss of jobs, but not this many.
“With PC demand being so weak, we don’t think the company has any choice but to do some considerable cost-cutting measures,” said Betsy Van Hees, an analyst at Wedbush Securities Inc. in San Francisco reports Bloomberg.
Chief Executive Officer Rory Read has already lowered headcount since he was appointed in August 2011 and slashed 10 percent of its workforce in a round of job cuts announced last November. Other websites like CNET report that AMD could even drop 30% of it's workforce.
AMD next week will announce the mass redundancies.
Tagged as:
AMD
AMD to cut 1,100 jobs, slash pay - 01/17/2009 01:17 PM
In a third round of recent cutbacks and job cuts, computer chipmaker AMD will cut 9 percent of its global workforce, amounting to about 1,100 jobs, and lower the pay of existing employees, according t...
AMD to change processor names - 09/23/2008 10:11 AM
According to sources, AMD will begin to change their naming scheme for their 45nm CPU: they will keep the Phenom X4/X3 branding , but the numbers will get five digits. Sources mentioned that the name ...
AMD to cut Radeon HD 3870, 3850 prices again - 03/20/2008 10:39 AM
Some times you'd just wondewr how much money they actually make on graphics cards eh ? At this very moment the Radeon HD 3870 can still can be purchased for little as $189.99, but the 9600 GT has drop...
PhazeDelta1
Ancient Guru
Posts: 12975
Joined: 2010-09-12
Ancient Guru
Posts: 12975
Joined: 2010-09-12
#4431450 Posted on: 10/15/2012 12:59 AM
IBM discontinued its own x86 line years ago. They do however fab x86 CPUs for VIA and one other company which I can't remember the name of it though. But that's it. There is no one left ito force any kind of competition with intel if AMD falls. The rest of the players either stopped producing, were either bought out/merged with other companies or started their own embedded manufacturing. But you are right on a couple things. I highly doubt Intel will raise their prices any higher than they currently are and the last thing anyone wants is innovation to stagnate.
IBM discontinued its own x86 line years ago. They do however fab x86 CPUs for VIA and one other company which I can't remember the name of it though. But that's it. There is no one left ito force any kind of competition with intel if AMD falls. The rest of the players either stopped producing, were either bought out/merged with other companies or started their own embedded manufacturing. But you are right on a couple things. I highly doubt Intel will raise their prices any higher than they currently are and the last thing anyone wants is innovation to stagnate.
sykozis
Ancient Guru
Posts: 16118
Joined: 2008-07-14
Ancient Guru
Posts: 16118
Joined: 2008-07-14
#4431469 Posted on: 10/15/2012 01:36 AM
Right now AMD barely matters to Intel. They can only sell in the mainstream segment because Intel allows it since Intel has the power to simply push them off the market since they have their own fabs that allows Intel to undercut AMD´s prices, if they wanted but they simply don´t care enough about AMD to do that.
As for Anti-trust charges they are bound to become irrelevant sooner or later. If AMD goes down no one can force any kind of competition against Intel because of the multi million dollar investments necessary with maybe the exception of IBM. In the end Intel is going to simple say if they can´t compete against us, then anti-trust charges can´t be applied at all.
As for Intel pricing their CPU´s like crazy if AMD it´s impossible to happen. Right know Intel´s biggest opponent is Intel himself. Everytime they build a new fab they spend millions that they can only recoup if they maintain their fabs working at full capacity and for that to happen they need to sell all the CPU´s they produce and for that they need to price them at acceptable prices otherwise people won´t buy them.
So prices aren´t going to rise 300% even if AMD goes down.
But innovation will suffer a severe blow because Intel will the only company selling desktop/laptop CPU´s.
I just hope AMD can overcome this bad phase and comeback stronger because we need the competition.
Actually, the USDoJ can use the evidence previously collected after AMD filed the complaint against Intel.
ARM has already made it known that they intend to move into the laptop and server markets to compete against Intel (again...)
IBM discontinued its own x86 line years ago. They do however fab x86 CPUs for VIA and one other company which I can't remember the name of it though. But that's it. There is no one left ito force any kind of competition with intel if AMD falls. The rest of the players either stopped producing, were either bought out/merged with other companies or started their own embedded manufacturing. But you are right on a couple things. I highly doubt Intel will raise their prices any higher than they currently are and the last thing anyone wants is innovation to stagnate.
AMD, IBM, Samsung, Tilera and VIA are the only ones I'm aware of having x86 licensing agreements with Intel. AMD uses GloFo and TSMC, Tilera uses TSMC and IBM, VIA uses TSMC and IBM, Samsung and IBM don't currently utilize their x86 licenses outside of manufacturing. IBM and Samsung are the only companies capable of taking over AMD without halting production to negotiate a license agreement. I doubt Tilera has any interest in trying to compete with Intel as their focus is primarily networking.
Right now AMD barely matters to Intel. They can only sell in the mainstream segment because Intel allows it since Intel has the power to simply push them off the market since they have their own fabs that allows Intel to undercut AMD´s prices, if they wanted but they simply don´t care enough about AMD to do that.
As for Anti-trust charges they are bound to become irrelevant sooner or later. If AMD goes down no one can force any kind of competition against Intel because of the multi million dollar investments necessary with maybe the exception of IBM. In the end Intel is going to simple say if they can´t compete against us, then anti-trust charges can´t be applied at all.
As for Intel pricing their CPU´s like crazy if AMD it´s impossible to happen. Right know Intel´s biggest opponent is Intel himself. Everytime they build a new fab they spend millions that they can only recoup if they maintain their fabs working at full capacity and for that to happen they need to sell all the CPU´s they produce and for that they need to price them at acceptable prices otherwise people won´t buy them.
So prices aren´t going to rise 300% even if AMD goes down.
But innovation will suffer a severe blow because Intel will the only company selling desktop/laptop CPU´s.
I just hope AMD can overcome this bad phase and comeback stronger because we need the competition.
Actually, the USDoJ can use the evidence previously collected after AMD filed the complaint against Intel.
ARM has already made it known that they intend to move into the laptop and server markets to compete against Intel (again...)
IBM discontinued its own x86 line years ago. They do however fab x86 CPUs for VIA and one other company which I can't remember the name of it though. But that's it. There is no one left ito force any kind of competition with intel if AMD falls. The rest of the players either stopped producing, were either bought out/merged with other companies or started their own embedded manufacturing. But you are right on a couple things. I highly doubt Intel will raise their prices any higher than they currently are and the last thing anyone wants is innovation to stagnate.
AMD, IBM, Samsung, Tilera and VIA are the only ones I'm aware of having x86 licensing agreements with Intel. AMD uses GloFo and TSMC, Tilera uses TSMC and IBM, VIA uses TSMC and IBM, Samsung and IBM don't currently utilize their x86 licenses outside of manufacturing. IBM and Samsung are the only companies capable of taking over AMD without halting production to negotiate a license agreement. I doubt Tilera has any interest in trying to compete with Intel as their focus is primarily networking.
orion24
Maha Guru
Posts: 821
Joined: 2005-09-17
Maha Guru
Posts: 821
Joined: 2005-09-17
#4431495 Posted on: 10/15/2012 02:33 AM
Removed...
Removed...
Spets
Maha Guru
Posts: 1932
Joined: 2011-05-10
Maha Guru
Posts: 1932
Joined: 2011-05-10
#4431499 Posted on: 10/15/2012 02:40 AM
AMD won't be going anywhere anytime soon, until then I'd like to see ARM grow in performance
His response is not related to the thread, but there is nothing wrong with it. So I suppose that as a sender of a thing like this, you'll have the place for it to fit as well
And so will you
Everyone has moved on, lets not derail the thread anymore
AMD won't be going anywhere anytime soon, until then I'd like to see ARM grow in performance
His response is not related to the thread, but there is nothing wrong with it. So I suppose that as a sender of a thing like this, you'll have the place for it to fit as well
And so will you
Everyone has moved on, lets not derail the thread anymore
orion24
Maha Guru
Posts: 821
Joined: 2005-09-17
Maha Guru
Posts: 821
Joined: 2005-09-17
#4431510 Posted on: 10/15/2012 03:07 AM
AMD won't be going anywhere anytime soon, until then I'd like to see ARM grow in performance
Everyone has moved on, lets not derail the thread anymore
Fine
AMD won't be going anywhere anytime soon, until then I'd like to see ARM grow in performance
Everyone has moved on, lets not derail the thread anymore
Fine
JohnMaclane
Ancient Guru
Posts: 4837
Joined: 2004-05-20
Ancient Guru
Posts: 4837
Joined: 2004-05-20
#4431592 Posted on: 10/15/2012 08:48 AM
This thread was derailed twice and its not even in the pub section....
I am just as amazed.
I'm sorry Hilbert, but what did I just read? What in the hell did we all just read? Why do we seem to consistently get people like this at this forum 
This thread was derailed twice and its not even in the pub section....
I am just as amazed.
The Chubu
Maha Guru
Posts: 2542
Joined: 2009-12-29
Maha Guru
Posts: 2542
Joined: 2009-12-29
#4431681 Posted on: 10/15/2012 12:10 PM
I was talking of the market we gurus care about, mid to high end desktop parts.
NVidia doesn't even dominate the GPU market....Intel does. NVidia dominates the "discrete" graphics market. Intel holds majority market share in the graphics market as a whole.
Well yeah, also technically, ARM is a bigger player in the CPU market than Intel if you consider the amount of ARM CPUs being sold (and more specifically, Samsung and Texas Instruments since ARM only sell designs and don't fabricate CPUs).
I was talking of the market we gurus care about, mid to high end desktop parts.
Click here to post a comment for this news story on the message forum.
Maha Guru
Posts: 1262
Joined: 2009-09-08
Right now AMD barely matters to Intel. They can only sell in the mainstream segment because Intel allows it since Intel has the power to simply push them off the market since they have their own fabs that allows Intel to undercut AMD´s prices, if they wanted but they simply don´t care enough about AMD to do that.
As for Anti-trust charges they are bound to become irrelevant sooner or later. If AMD goes down no one can force any kind of competition against Intel because of the multi million dollar investments necessary with maybe the exception of IBM. In the end Intel is going to simple say if they can´t compete against us, then anti-trust charges can´t be applied at all.
As for Intel pricing their CPU´s like crazy if AMD it´s impossible to happen. Right know Intel´s biggest opponent is Intel himself. Everytime they build a new fab they spend millions that they can only recoup if they maintain their fabs working at full capacity and for that to happen they need to sell all the CPU´s they produce and for that they need to price them at acceptable prices otherwise people won´t buy them.
So prices aren´t going to rise 300% even if AMD goes down.
But innovation will suffer a severe blow because Intel will the only company selling desktop/laptop CPU´s.
I just hope AMD can overcome this bad phase and comeback stronger because we need the competition.