May 8, 2002 – Sunnyvale, CA – Advanced Micro Devices Inc. (AMD) will tell nearly 800 chip manufacturing workers in Austin, TX, that they’re losing their jobs, people familiar with the company said.
The job cuts are expected to hit nearly 600 workers at the company’s older chip factories, Fab 14 and 15, which are expected to close in June, reported Knight Ridder Tribune Business News. The company announced the closing of those factories, which primarily make communications-related chips, in September.
AMD cut about 400 jobs at the older factories in November.
But this week AMD will also notify an additional 200 workers at a newer facility that their jobs will be eliminated. These employees work at the company’s newer Fab 25 factory.
Fab 25, which formerly employed about 1,000 people, is being converted from making processor chips for PCs to making flash memory chips.
AMD has said it would need fewer workers at Fab 25, the company’s only remaining chip factory in Austin. AMD said the upcoming job losses at Fabs 14 and 15 have been common knowledge for months. The company declined to comment on the job cuts at the newer facility.