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Cyberjaya News & Articles : AMD to expand operations in Cyberjaya
Posted by admin on 2009/3/23 16:30:00 (3883 reads) News by the same author
Cyberjaya News & Articles

By Sharen Kaur

2009/03/24

ADVANCED Micro Devices Inc (AMD), the world's second largest chip maker, will expand its operations in Cyberjaya as it seeks to cut costs.

The US-based group is leasing a four-storey building for 10 years from Cyberview, the landowner of Cyberjaya, from July.




.
The Cyberjaya unit will handle services like human resource, accounting and tax for the whole AMD group, which made revenue of US$5.81 billion (RM21.2 billion) last year.

Its senior vice president Devinder Kumar said AMD has a long-term strategy to cut cost after incurring losses for three years.

Last year, it made a net loss of US$3.1 billion (RM11.3 billion).

"AMD has taken actions to reduce its cost structure to break even at US$1.3 billion (RM4.7 billion) of revenue per quarter. Our move to Cyberjaya is one of the initiatives to bring down cost," Devinder said.

AMD also operates a micro-processor assembly plant in Penang, set up in 1972.

"We employ 250 people in Penang. We will double our workforce here by 2010, but it will depend on financial incentives given by the government. Future growth will be in Cyberjaya," Devinder said.

Devinder was speaking to Business Times after inking a deal with Cyberview Sdn Bhd in Cyberjaya yesterday to promote the Malaysian Cybergames Operations and Research (MyCORE) and K-worker development (KWD) programme.

The KWD programme, developed by Cyberview, is one of the training programmes at Knowledge Workers Development Institute (KWDI), which is being built by Cyberview for RM70 million.

AMD will provide formal and on-the-job training to students and trainees at KWDI in accounting, information technology infrastructure and data centre maintenance, among others.

MyCORE focuses on the development of professional gamers and game developers in the gaming industry by providing them a local gaming centre to interact, exchange ideas and gain experience.

-----
Source: Business Times

Rating: 0.00 (0 votes) - Rate this News -


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