Featured Articles

Apple iPad Air 2 costs $275 to build

Apple iPad Air 2 costs $275 to build

IHS has told Recode that the Apple iPad Air 2 16GB Wifi costs only $275 to build -- not bad…

More...
LG sells 16.8 million smartphones in Q3 14

LG sells 16.8 million smartphones in Q3 14

As Samsung is losing market share, another Korean company, which many had written off, is gaining.

More...
LG G Watch R EU price set at €299

LG G Watch R EU price set at €299

LG G Watch R is probably the best looking Android Wear device on the market and many have been waiting for…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

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...
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