AUSTIN, Texas, Jan. 17, 2012 /PRNewswire-USNewswire/ -- Dr.

WASHINGTON, Sept. 28 /PRNewswire-USNewswire/ -- Hector Ruiz, chairman of GlobalFoundries, a new semiconductor company, will discuss his firm's investment in U.S. manufacturing facilities to create U.S.

After its third round of layoffs in a year, Advanced Micro Devices Inc. plans to cut 1,100 jobs and slash the remaining employees' pay, as the chipmaker struggles through a slowing economy.

After posting a quarterly loss of $1.19 billion, Advanced Micro Devices switched chief executives Thursday, pushing CEO Hector Ruiz into the boardroom and replacing him with second-in-command Dirk Meyer.

Hector Ruiz Named Executive Chairman of AMD AMD EDITORIAL CONTACT: Drew Prairie, 512-602-4425 drew.prairie@amd.com or INVESTOR CONTACT: Ruth Cotter, 408-749-3887 ruth.cotter@amd.com Logo: http://www.amd.com AMD (NYSE:AMD) today announced that its board of directors elected President and COO Dirk Meyer as the company's chief executive officer.