AMD may lay off up to 30 percent of its global staff, days after the troubled chip-maker said its third-quarter may underperform in the face of weak demand and excess inventory.
Latest from Zack Whittaker
AMD tumbles to the end of the 2012 fiscal year with yet another poor result for its fourth quarter.
Global sales in semiconductor chips have risen slightly in May on the previous month, but year-on-year the recovery is still under way.
In two separate transactions, MIPS will be acquired by Imagination Tech. for $60m, while $350m worth of patents will be sold to a separate intellectual property firm.
A little off topic today as the world has gone all quiet. You can be an all-knowing computer science boffin and still not grasp the concept of the "GPU" and what it does.
Broadcom raised its outlook for the fourth-quarter on stronger demand for its chips, some of which go into Apple's range of smartphones and tablets.
In a major investment, Samsung will throw its weight behind a U.S. plant in order to build more chips for smartphones, as the world's largest phone maker seeks to meet growing demand.
GlobalFoundries chief executive said that Asia is "rolling out the red carpet" for chip manufacturers, while Europe is ultimately losing out in much-needed investment as a result.
Chip designer MIPS is looking for other buyers, despite previously saying it would be acquired by Imagination Tech for $60 million in cash.
Top-spec computers, including serious number crunchers, are in recovery and continue to see growth in shipments, according to the latest data.