Dog days for AMD

Kelly McNeill writes: “Citing a desire to cut manufacturing costs and ensure reliability, PC seller Gateway announced this week that it will no longer use chips from Advanced Micro Devices, opting instead to stick to Intel for all of its microprocessing. On top of that news, AMD announced Tuesday that it will lay off 2,300 employees, about 15 percent of its workforce, by the end of the second quarter of 2002. About half the layoffs will result from the closing of two facilities in Austin, Texas, while the rest will come from AMD’s operation in Malaysia.”