Deals
AMD Cuts Chip Orders From Globalfoundries Amid PC Slump
This article is for subscribers only.
Advanced Micro Devices Inc., the second-largest maker of personal-computer processors, reduced chip orders from supplier Globalfoundries Inc. as it tries to cut costs to preserve cash amid a PC-market slump.
AMD estimates it will purchase wafers from Globalfoundries for about $115 million in the fourth quarter, the company said in a statement yesterday. The new accord replaces a previous agreement that said AMD would buy $500 million of chips, said company spokesman Drew Prairie.