Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 07 December 2012 09:23

AMD cuts chip orders

Written by Peter Scott

Looking to save cash

AMD has cut its chip orders from Globalfoundries amid slow demand and a weak PC market.

The company will buy just $115 million worth of wafers from Glofo in Q4, down from a previous agreement to buy $500 million.

The decision was prompted by weak sales in a troubled PC market. AMD is simply trying to cut costs and ensure liquidity. The company recently announced plans to sell its Texas campus in an effort to raise $250 million. According to Bloomberg, AMD predicts it will be in the black in the second half of 2013 and it hopes to maintain cash reserves of $1.1 billion.

However, the termination of the contract will cost AMD $320 million, but the termination fee will be spread out over several quarters.

More here.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments