Regarding the rumors of layoffs, many netizens said that in the context of the increasingly fierce trade war between China and the United States, it is only a matter of time before AMD, a leading semiconductor company, withdraws from China. The R&D departments involved in core technologies should be the hardest hit areas for layoffs, and the sales market Non-core departments such as technical support should still be able to hold on.
AMD, whose Chinese name is Chaowei Semiconductor, has a market value of US$169.9 billion, surpassing Qualcomm, a well-known chip company. According to its official website, AMD was founded in Silicon Valley in 1969 with only a few dozen employees and is a leader in high-performance and adaptive computing.
There is news that the Shanghai branch of the US-owned semiconductor giant AMD will lay off employees indiscriminately, about 10%-15%, and the list will be announced next Wednesday, about four to five hundred people.
AMD's Chinese name is Chaowei Semiconductor, with a market value of US$169.9 billion, surpassing the well-known chip company Qualcomm. According to its official website, AMD was founded in Silicon Valley in 1969 and is a leader in high-performance and adaptive computing.
AMD Shanghai R&D Center was established in 2006 and is AMD's largest R&D center outside the United States, with a total of approximately 3,000 employees. The center is mainly responsible for the design, development and testing of CPU, GPU, APU and other products. It has contributed many innovative technologies and products to AMD, such as Ryzen series processors, Radeon series graphics cards, etc. However, as market competition becomes increasingly fierce, AMD's Shanghai R&D center is not immune to layoffs.
On August 2, AMD released its second quarter financial report as of July 1, 2023. The company achieved revenue of US$5.4 billion in the second quarter, higher than the expected US$5.311 billion. However, AMD's net profit was only US$27 million, a 94% decrease from US$447 million in the same period last year. As the second-largest maker of PC processors after Intel, AMD has been overall affected by the downturn in the PC market in the past few quarters, which has weighed on its performance.
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