Tag: Hardware

1742

AMD Is Bleeding Cash And Is Firing Employees To Cut Costs

AMD, a company who once battled fiercely with Intel to develop the latest computer processors, is reportedly in the process of firing employees to significantly reduce expenses as the chipmaker faces some serious challenges both financially and technologically. The company’s cash has declined to $1.5 billion in the third quarter, after losing $279 million in the previous period. A continuing trend would mean cash levels would drop to $600 million by this time next year, and with $2.04 billion of debt — it’s not looking good for AMD.

AMD’s best days were in the early 2000’s, when they were constantly battling Intel for the best computer processor. Prior to the release of Intel’s Core 2 Duo line of processors, the top spot appeared to be up for grabs with many people recommending AMD’s line of CPU’s over Intel’s. However, that all changed with the release of the Core 2 Duo and from there it’s been essentially all Intel. But it wasn’t just the Core 2 Duo that has hurt AMD, it’s been the shift in technology — from desktops to mobile devices such as smartphones and tablets that has hurt the company the most.

Read Article
>