Intel CEO Brian Krzanich announces new corporate strategy

Intel, as a company, is undergoing a radical transformation. Once a company with over 140,000 employees, it has announced that there will be a workforce reduction amounting to 11% of the people who are currently employed. Instead of the risky gamble of penetrating new markets (like mobile), Intel will now focus on a new strategy called “logic to memory”. The logic will focus on x86 and FPGAs while the memory focus will change from DRAM and NAND to the new 3D X-Point being developed in collaboration with Micron.   CEO Brian…

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AMD’s stocks close at 52% high – highest climb since listing

Advanced Micro devices (NASDAQ: AMD) closed today at $3.99, which is 52% higher than yesterday’s closing. This is the highest the stock price has gained since the time it was initially listed on the NASDAQ Stock Index.   The Stock price rise was fueled by the Q1 2016 financial report which beat expectations in both the results and the positive Q2 outlook of the  company. AMD was the most active stock on the NYSE and the biggest gainer, with volumes topping 140 million, over 10 times higher than the 50 day average of…

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