advanced micro devices

AMD CEO Lisa Su at CES earlier this month in Las Vegas. Photo: Lauren Justice/Bloomberg News…

Intel Corp saw about $8 billion wiped off its market value on Friday after the US chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal computer market.The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business.Intel shares closed 6.4% lower, while rival Advanced Micro Devices and Nvidia ended the session up 0.3% and 2.8%, respectively. Intel…

Intel Corp. INTC -6.83% is feeling the effects from a triple-whammy of a broad industry downturn, stiff competition, and a costly turnaround plan, sending shares sharply lower in Friday trading. The chip maker said after the bell on Thursday it expects to post a loss for the current quarter after swinging to a quarterly net loss of $664 million in the last three-months of 2022 as sales fell by nearly a third to $14 billion. It is the…

Photo: Damien Gula / GizmodoIt is an exceptional time to be a PC hardware enthusiast – especially when it comes to CPUs! This past fall, we saw AMD and Intel trade blows with their latest silicon. With benefits on both sides of the aisle, modern system builders have a tough decision when it comes to deciding on a CPU platform.In our testing, we found that both Ryzen 7000 and 13th Gen Intel platforms provided fantastic performance, but they ran hot and were incredibly power hungry. It’s a big flex on both sides, really,…

The world is now awash in chips.The oversupply marks a sharp turnaround from a global shortage during two years of supercharged demand. Consumer appetite for electronics has weakened against a backdrop of rising interest rates, a falling stock market and recession fears. Chip inventories are swelling, mirroring what is happening in the wider economy where retailers are stuck with goods on their shelves and producers of a range of products in high demand early in the pandemic now face a glut. What is happening in chips…

Photo: Damien Gula / GizmodoAfter a surprising pre-announcement tease and the official reveal event on November 3rd, AMD’s long-awaited RDNA 3, Radeon RX 7900 series GPUs are here… starting tomorrow. While you might not be able to press a buy button today, we have our full review ready to share with you, including our results for thermal performance, power draw, and benchmarks.AMD RX 7900 XT and RX 7900 XTX GPUsAMD’s latest generation of GPUs punch above their price bracket to provide outstanding performance and power…

HP Inc. HPQ 0.75% said it would slash up to nearly 10% of its workforce with a sharp slump in demand for personal computers expected to stretch into next year. The computer and printer maker, which currently has around 61,000 employees, on Tuesday said it would part with 4,000 to 6,000 employees as part of a transformation plan that aims to achieve $1.4 billion in annualized cost savings. The company had a payroll of about 51,000…

US chip maker Nvidia said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China's hands.The new chip, called the A800, represents the first reported effort by a US semiconductor company to create advanced processors for China that follow new US trade rules. Nvidia has said the export limitations could cost it hundreds of millions of dollars in revenue.Nvidia's comments confirmed reporting by Reuters that Chinese computer sellers…

Screenshot: AMDBack in August, Dr. Lisa Su introduced the world to AMD’s newest iteration of CPU technology, the Ryzen 7000 Series–but she didn’t stop there. We got an announcement for an announcement: RDNA 3, AMD’s next generation of GPU technology. Well, today is November 3rd, and we now know more about AMD’s answer to the RTX 40 Series.01:25Randall Park's Favorite SuperheroesMonday 5:02PMDr. Su began the presentation by reflecting on the Ryzen 7000 Series release and stating AMD’s ambitious goals, much like she did…

Advanced Micro Devices Inc. AMD -0.67% issued a glum sales outlook for the current quarter and said it would cut spending as the chip maker responds to a deep slump in demand for consumer products.AMD Chief Executive Lisa Su said the company was cutting expenses in businesses that weren’t doing as well to adapt to the soft demand outlook. She didn’t quantify the amount of the cuts on a call with analysts Tuesday after the company issued…