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01.16.2009 - AMD to Cut 1,100 Jobs

View AMD related news. NEW YORK - Advanced Micro Devices Inc said on Friday it would take a $622 million charge related to its ATI acquisition, and cut 1,100 jobs and reduce salaries.

AMD, which trails Intel Corp in computer chips and was criticized for overpaying for its $5.4 billion 2006 purchase of graphics chip maker ATI, also announced the impairment of another $62 million of intangible assets in a document filed with regulators on Friday.

- View Press Release
- Visit Advanced Micro Devices Inc.
- Source PCMAG.COM

NID: 26595 / Submitted by: TACKtech Team
Categories: Press Release
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