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AMD is cutting five percent of its workforce

Advanced Micro Devices is planning to trim about five percent of its global workforce as part of a cost-saving restructuring effort. Drew Prairie, a spokesperson for the company, told Reuters that just shy of 500 employees would lose their jobs.

Qualcomm could face antitrust investigation in the EU

The world's top mobile chipmaker, Qualcomm, looks as though it will be facing a European antitrust investigation, according to reports. The investigation is based on a complaint from a Nvidia subsidiary from 2010 which accused Qualcom of anticompetitive behavior. While…