Intel To Slash 5,000 Jobs; 5 Percent Of WorkforceIntel plans to trim more than 5,000 jobs from its workforce this year in an effort to boost its earnings amid waning demand for its personal computer chips.
Intel Cuts 4th Quarter Outlook Citing Supply ShortagesIntel Corp. said Monday that it now expects fourth quarter revenue of $13.4 billion to $14 billion. It had previously forecast revenue of $14.2 billion.
AMD Profit Spikes In 1st Quarter Despite Price DropAdvanced Micro Devices Inc. said its net income nearly doubled in the first quarter as the computer industry benefits from strong corporate demand.
AMD Narrows Loss, But Spinoff Weighs On Chip MakerAdvanced Micro Devices Inc. narrowed its third-quarter loss slightly, as the chip maker's remaining stake in factories it spun off last year dragged down the results.