AMD CEO steps down as chip maker struggles

Discussion in 'News' started by FSOwner, July 17, 2008.

  1. FSOwner

    FSOwner FS Owner

    The CEO of chip maker Advanced Micro Devices Inc. is stepping down.

    Hector Ruiz had been just the second person to lead AMD after company founder Jerry Sanders. He'll be replaced by the chip maker's No. 2 executive, Dirk Meyer.

    Ruiz has been instrumental in elevating AMD to become a more dangerous rival to Intel Corp. But ultimately he takes the blame for AMD's financial distress. The Silicon Valley company has racked up billions of dollars in losses stemming from an ill-timed acquisition and fierce competition from Intel.

    [​IMG] View Full Article: Seattle Post-Intelligencer
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice