Posts Tagged ‘ computer chips ’

Advanced Micro Devices Inc., the second-largest producer of personal-computer processors, will cut about 600 jobs, 100 more than previously planned, as it struggles to return to profitability. The cuts will result in an expense of about $70 million in the fourth quarter, including $34 million from severance costs and the continuation of some employee...
Read more »

Intel Corp. is the latest computer chip manufacturer to see a drop in sales and profits. Share price fell by over 7% in European trading after Intel slashed its final quarter sales forecast, confirming that the credit crunch is affecting global technology spending. Intel’s computer chips run more than three-quarters of the world’s computers....
Read more »

Europe’s biggest computer chip maker, STMicroelectronics, has forecast a drop in final quarter profits, citing the economic slowdown and reduction of demand for mobile phones. It is expected that sales will be down 8% from the third quarter’s $2.7 billion. The economic decline and credit crunch is making consumers more cautious, and many are...
Read more »

In recent months the forecasts for chip makers has been poor, with companies deciding not to update computer hardware until after the current economic turmoil is overcome. However it seems that Intel have somehow managed to resist the worse of the forecasts and are showing signs of a stronger than expected quarter. Intel say...
Read more »