How much did AMD spend on the acquisition of the graphic chip firm ATI Technolog

Shares in chipmakers have been hit after Advanced Micro Devices, AMD, warned of lower-than-expected first-quarter sales. AMD said it would cut 10% of its workforce, which means more than 1, 600 jobs will go. It is struggling to compete with Intel while (27)trying to get the full benefits from its $5.6 billion acquisition of the graphic chip firm ATI Technologies. AMD shares trading in New York closed down 6.3% at $ 6.03. Product delays to AMD’s Opteron server chip have also hit the firm. (28)Intel has not had an easy time competing either. Last year, it cut about 10% of its own workforce, which meant a reduction in jobs of about 10, 500.