AMD's Chief Technology Officer Resigns

SAN JOSE, California (AP) -- Advanced Micro Devices Inc.'s top technology executive is stepping down as the world's No. 2 microprocessor maker tries to recover from a sales slump triggered by prolonged product delays and tougher competition.

The Sunnyvale-based company said Friday that Chief Technology Officer Phil Hester's resignation is not connected to AMD's financial woes or its recently announced 10 percent reduction of its global work force.

Hester joined the company in 2005 after working for more than two decades at IBM Corp. and was responsible for crafting AMD's technological roadmap over the past three years. full story