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Advanced Micro Devices (AMD) has announced plans to lay off 4% of its global workforce, impacting roughly 1,000 employees.

SK Hynix's retreat followed a poor performance by U.S. chip stocks. Advanced Micro Devices and Micron Technology each fell more than 4% on Wednesday, while AI chip giant Nvidia shed 2%.

Chipmaker AMD is laying off 1,000 employees to prioritise AI chip development, signalling a strategic shift in response to ...

AMD said today it will lay off 4% of its global staff, or perhaps somewhat less than 1,000 of its estimated 26,000-person workforce.

Meanwhile, Intel's revenues shrank 30% during the period as Advanced Micro Devices, Inc., or AMD, ate away its dominance in ...