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"Good luck with your layoffs, all right? I hope your firings go really well."

In August, AMD announced that it was getting making former Lenovo President and COO Rory Read its new President and CEO. At the end of October, AMD announced that its net income of $97 million was constrained by yield issues with its 32nm manufacturing process.
Now the company has announced that it will axe 10 percent of its global workforce as a part of a new restructuring plan that will eventually save $200 million in operational expenses for calendar year 2012. AMD also plans to sever some of its contractual obligations to save money.

"Reducing our cost structure and focusing our global workforce on key growth opportunities will strengthen AMD's competitiveness and allow us to aggressively pursue a balanced set of strategic activities designed to accelerate future growth," said Read.
The restructuring plan will also allow AMD to focus more on cloud computing, emerging markets, and low-power systems. The focus on lower power consumption is a key as companies like HP are now looking to low-power ARM architecture for upcoming server products, which could spell trouble for traditional x86 processor manufacturers like AMD and Intel.

Source: AMD

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Cloud Computing?!
By kitonne on 11/4/2011 10:56:06 AM , Rating: 2
Can somebody PLEASE help me understand what is the relationship between Cloud Computing (big reliable server farm somewhere on the net running sand-boxed applications with automatic load balancing and fail-over redundancy, used by people without the capital to build and run their own) and a CPU/GPU/APU designer and marketing company (no longer chip maker, as they have no fabs nowadays) like AMD?

I see no correlation whatsoever, unless AMD plans to help free software projects related to clustering and private cloud computing out of the kindness of their hart, or plan to compete with Amazon's EC...

As their CEO says that Cloud Computing is something really BIG for AMD's future, there must be a link somewhere, but so far I failed to find it....

RE: Cloud Computing?!
By B-Unit on 11/4/2011 12:20:02 PM , Rating: 2
Um, maybe the CPUs that those cloud servers run on?

Just a crazy thought...

RE: Cloud Computing?!
By Taft12 on 11/4/2011 5:16:31 PM , Rating: 2
Can somebody PLEASE help me understand what is the relationship between Cloud Computing ... and a CPU/GPU/APU designer and marketing company ... like AMD?

Leaving Opteron's considerable marketshare aside, are you forgetting about the client-side devices that would connect to those servers in the cloud?

Why would AMD "plan to compete" with Amazon EC? Amazon isn't a competitor of AMD's, they are a customer!

"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer

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