Advanced Micro Devices is in shambles. It seems that these days the world’s second largest chipmaker is churning out more bad news and fewer microprocessors. Despite the fact that the beleaguered company’s current CEO Rory Read has already overseen two major workforce reductions since taking over in August 2011, it is considering another round of layoffs.
Shares of chip designer Advanced Micro Devices (AMD) surged by more than 18 percent following a report that it's hired J.P. Morgan Chase to "explore options," including an outright sale of the company. Before anyone panics, no sale is imminent, and it appears AMD would much rather offload some of its patents to generate some much needed cash, but at the same time, all options are on the table.
The idea of flooding the market with affordable ultra-thin and -light notebooks dubbed ultrabooks is undoubtedly Intel’s brainchild. The world’s leading chip maker has even set up a $300 million fund to impart some initial impetus to the whole concept. Given its efforts, it has to be said that Intel deserves first dibs on ultrabooks. However, AMD is unlikely to watch from the sidelines for too long.