Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Networking
    • PC Hardware

    Nvidia Cutting 360 Workers as Competition with Intel, AMD Intensifies

    By
    Scott Ferguson
    -
    September 18, 2008
    Share
    Facebook
    Twitter
    Linkedin

      Nvidia announced Sept. 18 that it will cut 360 employees from its worldwide work force as the graphics maker is facing increasing competition from Advanced Micro Devices and Intel.

      In a statement, Nvidia announced that it will eliminate about 6.5 percent of its work force by the end of October. The company then plans to take a restructuring charge of between $7 and $10 million related to the cuts when it reports its third-quarter financial results in a few weeks.

      While Nvidia is still considered one the leading producers of GPUs (graphics processor units) and chip sets for desktop and notebooks, as well as high-end discrete graphics for gaming PCs, the company is facing increased competition from AMD and Intel.

      In August, AMD released a highly touted discrete graphics card called the AMD ATI Radeon HD 4870 X2, which can deliver up to 2.4 teraflops, or 2.4 trillion calculations per second, of performance. The release of this discrete graphics card showed that AMD was still looking to make waves in the graphics market and would compete against Nvidia when it comes to high-end desktops.

      Earlier this week, AMD also began an advertising campaign called “Fusion,” which will highlight the company’s ability to blend graphics with traditional processor technology.

      Intel is also looking to make a difference in the graphics market.

      Earlier this year, Intel began describing plans for its “Larrabee” processor, which will use more traditional x86 processing cores. Intel is hoping that will make it easier for developers to write applications based on the architecture. Intel is not expected to release the chip until 2009 or 2010, but it shows that the company is serious about entering the market where it has been weak and competing directly with Nvidia and AMD.

      Nvidia has been struggling as of late financially as well. According to financial Web site Market Watch, Nvidia’s stock has dropped about 65 percent since January. The company also had to take a charge of about $150 million earlier this year to replace faulty graphics chips that it shipped to OEMs.

      “Despite our reduction, we will continue to invest in selective high-growth opportunities like our revolutionary CUDA parallel computing technology and our Tegra mobile single-chip computer,” Jen-Hsun Huang, president and CEO of Nvidia, wrote in statement.

      Nvidia has also been making significant investments in high-performance computing. In addition to CUDA, a programming language that allows developers to program a GPU like a CPU, the company also released its Tesla 10 series chip, which uses 240 graphics processing cores and can offer up to 1 teraflop of performance.

      Nvidia’s announcement of the cuts comes the same week Hewlett-Packard announced it will eliminate some 24,000 workers who were part of Electronic Data Systems. HP bought the IT services provider earlier this year for $13.9 billion.

      Scott Ferguson

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Careers

      SThree’s Sunny Ackerman on Tech Hiring Trends

      James Maguire - June 9, 2022 0
      I spoke with Sunny Ackerman, President/Americas for tech recruiter SThree, about the tight labor market in the tech sector, and much needed efforts to...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×