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AMD will lay off approximately 1,000 employees, or 4% of its workforce, as it aligns resources with growth opportunities amid increasing AI competition. Despite strong performance against Intel in the x86 market, AMD faces challenges in the AI chip sector, lagging behind Nvidia. The company anticipates $5 billion in AI chip sales this year, while its stock has declined, contrasting with Nvidia's significant market gains.
Jon Peddie
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AMD to lay off 1000 employees amid rising AI competition
20:52 13.11.2024
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