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May , 2007
Advanced Micro Devices Inc., which has announced plans to build a $3.2 billion computer microchip plant in the Luther Forest Technology Campus in Malta, N.Y., has laid off about 80 employees in Austin, Texas.
The Sunnyvale, Calif., company last month reported a $611 million first-quarter loss, compared with a $185 million profit a year earlier, on sales that slid about 1 percent to $1.2 billion.
Executives of AMD blamed the weak results on price competition from Intel Corp., its chief rival in the market microprocessors, and promised to trim costs, including job cuts.
Travis Bullard, an AMD spokesman, said the 80 employees losing their jobs in Austin are among roughly 430 people being laid off throughout the entire company.
"This doesn't affect our plans for upstate New York," Bullard said.
The layoffs include sales, marketing, administration and some engineering jobs.
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