AMD changes CEO as turnaround pressure intensifies

Under Hector Ruiz's leadership, chip maker Advanced Micro Devices Inc. rose to challenge larger rival Intel Corp. as never before in AMD's nearly 40-year history.

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The far-reaching insider trading scandal now appears to have reached the top ranks of the high-tech industry with reports Tuesday that Hector Ruiz, former CEO and chairman of Sunnyvale chip company Advanced Micro Devices, leaked confidential AMD information to alleged conspirator …

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AMD's chief executive officer Hector Ruiz has resigned, after the company posted second quarter losses of almost $1.2 billion.

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