AMD shares jump on restructuring optimism
SAN FRANCISCO (Reuters) - Advanced Micro Devices Inc shares jumped more than 12 percent on Tuesday on investor optimism that the beleaguered chipmaker could soon announce its long-awaited strategy to revamp manufacturing to cut costs. 1 month ago
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Any restructuring that requires laying off a large % of your work force isn't anything to be immediately excited about. AMD needs more than a manufacturing strategy to cut costs, they need new innovation and products.
Didn't Intel one day decide to change their business from memory to processors? AMD needs to think about that.