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AMD cuts 1,000 staff to focus on AI chips in battle with Nvidia

SCMP LogoSCMP4h ago

AMD cuts 1,000 staff to focus on AI chips in battle with Nvidia - SCMP

Quick Summary:

The company’s data centre segment has performed vastly better than its personal computer and gaming units this year.

The company has been investing heavily to develop AI chips which command high selling prices and are in high demand among so-called hyperscalers like Microsoft.

On the other hand, the personal computer segment grew 29 per cent, while sales in its gaming unit slumped about 69 per cent during the period.


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AMD cuts 1,000 staff to focus on AI chips in battle with Nvidia - SCMP (Picture 1)

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Article Details

Author / Journalist: Reuters

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 11:15:08 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 206 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23578657

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 11 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "AMD cuts 1,000 staff to focus on AI chips in battle with Nvidia" has 206 words across 6 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "AMD cuts 1,000 staff to focus on AI chips in battle with Nvidia" was covered 4 hours ago by SCMP, a news publisher based in Hong Kong.

How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 11 news stories per day.

It's most recent story was published 2 hours ago.

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  • News ID: #23578657
  • URL: https://beamstart.com/news/amd-cuts-1000-staff-to-17315552358173

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