Announcing the results of the third quarter , CEO Rory Reid announced a restructuring plan with the volume of quarterly revenue of $ 1.3 billion, it is expected that the company will substantially reduce costs and processes streamline business . 15% reduction in staff and the sale of office buildings in Texas, and a revision of the agreement with Globalfoundries - this is only part of the actions aimed at optimizing operations.
The company intends to make its development as homogeneous as possible to reduce the costs associated with the need to test the developed products. Priority will be given to the design, produced in large volumes. AMD will soon create many hybrid solutions using ARM architecture. In the next three years AMD is going to increase the share of AMD products used in embedded segment.
Rory Reid also said he would like to reduce the number of production methods used by the company. Now there are nine pieces, and ideally should be no more than two.