AMD’s Chief Executive Steps Down

AMD has announced that Chief Executive Hector Ruiz has stepped down from the chief executive position. The announcement is not a surprise considering AMD has posted losses for quite some time.

Based on what I’ve seen, it doesn’t seem like AMD is going to make a comeback at Intel any time soon. In fact, I wouldn’t be surprised if AMD went bankrupt with the way it is going at the moment. Hopefully they pick up soon to keep competitive with Intel. No competition means Intel can charge whatever prices they want.

The reason for this could also be the struggling economy, which is borderline recession.

Hopefully a new Chief Executive (Dirk Meyer) will translate to success for AMD.