Dirk Meyer

AMD CEO left partly over mobile strategy

San Francisco: The departure of Advanced Micro Devices' chief executive followed months of concern among some board members that he wasn't doing enough to get the chip maker into the exploding mobile market, a company source said.

PC chip maker AMD's shares slumped 9 per cent to close at $8.36 on Tuesday after the company unexpectedly said late the day before that Dirk Meyer was leaving as the result of a "mutual agreement" with the board of directors.

Much of the reason for Meyer's departure had to do with currents of discontent on the board about AMD's choice not to pursue making chips for the mobile market other than netbooks, the company source told Reuters.

In October, Meyer had told analysts that even though tablets like Apple's iPad were eating into demand for laptops, AMD would hold off on investing to develop microprocessors for that market until it grew more. AMD focuses on making chips for personal computers and servers, and competes directly against much larger Intel....more    

AMD CEO resigns, CFO named interim chief

San Francisco: Advanced Micro Devices Inc Inc's chief executive resigned on Monday as the world's No. 2 maker of PC microprocessor chips said it was seeking a new CEO to boost the company's growth, sending shares down nearly 4 percent in after-hours trading. AMD said the resignation of Dirk Meyer was the result of a "mutual agreement" with the board of directors and that Chief Financial Officer Thomas Seifert will...