Global Foundries’ Hector Ruiz Out the Door

Hector Ruiz

AMD spinoff Global Foundries has announced that former AMD head Hector Ruiz will be taking a leave of absence and then resigning as chairman of Global Foundries effective January 4, 2010. Ruiz’s decision to leave Global Foundries follows his being identified last week by The Wall Street Journal as one of the sources of inside information in the Galleon hedge fund fracas, in which an “AMD executive” allegedly gave New Castle hedge fund representative Danielle Chiesi an ongoing summary of AMD’s negotiations to spin off Global Foundries into a separate company and run AMD as a fabless chipmaker.

According to Global Foundries, Ruiz submitted his resignation in September, but the company has only gotten around to releasing the information now. Ruiz will be succeeded a Global Foundries’ chairman by Alan Ross until a permanent replacement can be found.

As head of AMD throughout much of the 2002s, Ruiz helped raise AMD’s profile and make the company a series rival to giant chipmaker Intel, even while alleging Intel engaged in anticompetitive and monopolistic practices in the worldwide chip market—cases which are still going forward around the world. Ruiz also moved to acquire graphics developer ATI Technologies in 2006, a deal that the company has since repeatedly written down in value. As AMD’s costs rose and sales declined (in part due to an infamously buggy CPU), Ruiz moved to separate the company’s chip manufacturing business from AMD, leading to the creation of Global Foundries, with significant financial backing from Middle East investors.

As part of the Galleon hedge fund scandal, charges of securities fraud have been filed against Danielle Chiesi, Galleon co-founder Raj Rajaratnam, and four others, alleging in part that the hedge fund operators acquired thousands of shares of AMD and related stocks based on insider information supplied to them by sources, including Ruiz, although Ruiz was not named in the indictment.


Western Digital’s $55 solid-state drive gives new life to your aging PC

Western Digital is hoping that you'll pick up one of its affordable WD Blue SN500 solid-state drives to give your aging PC more storage and a speed boost. WD's NVMe-based drives are up to three times faster than older SATA SSDs.
Movies & TV

The best movies on Amazon Prime right now (March 2019)

Prime Video provides subscribers with access to a host of fantastic films, but sorting through the catalog can be an undertaking. Luckily, we've done the work for you. Here are the best movies on Amazon Prime Video right now.
Movies & TV

The best shows on Netflix right now (March 2019)

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Movies & TV

The best movies on Netflix in March, from Buster Scruggs to Roma

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.

These cheap laptops will make you wonder why anyone spends more

Looking for a budget notebook for school, work, or play? The best budget laptops, including our top pick -- the Asus ZenBook UX331UA -- will get the job done without digging too deeply into your pockets.

Give your discs some extra life by watching DVDs and Blu-rays on Windows 10

Popped a disc into your Windows machine but feel lost without Media Center? You're not alone. But don't fret, with just a few tips you can learn how to watch DVDs and Blu-rays for free in Windows 10 in no time.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Write music with your voice, make homemade cheese

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!

Walmart slices price on Canon ImageClass MF232W Wi-Fi laser printer

If you don’t need color printing, a monochrome laser printer like the Canon ImageClass MF232W can save you a lot of time and money. This beefy all-in-one Wi-Fi printer is on sale from Walmart for almost half off, letting you score it for…

Is 14 inches the perfect size for a laptop? These 4 laptops might convince you

If you're looking for the best 14-inch laptops, there are a number of factors to consider. You want good battery life, an attractive screen, solid performance, and a good build. Our favorites that do all that and more.

Get Corsair’s best mechanical keyboard at a decent discount

From March 17 to 23, you can get one of the best mechanical keyboards around at a great price. The Corsair K95 RGB Platinum is normally $200, but this week you can pick one up from Amazon for $160.

Need more from your conference white board? The Surface Hub 2 should have it

The Surface Hub 2 could be the most expensive whiteboard ever made, but it should be a powerful and capable one. With the ability to connect several of the 50-inch displays together, the picture at least, should be gorgeous.

Teens using Google Docs as the modern version of passing notes in class

Google Docs is reportedly being used by teens as a secret communications app. Instead of passing notes, students are now using the software's live chat function or comment boxes to talk with their friends while in the middle of classes.
Emerging Tech

A.I.-generated text is supercharging fake news. This is how we fight back

A new A.I. tool is reportedly able to spot passages of text written by algorithm. Here's why similar systems might prove essential in a world of fake news created by smart machines.

Windows updates shouldn't cause problems, but if they do, here's how to fix them

Windows update not working? It's a more common problem than you might think. Fortunately, there are a few steps you can take to troubleshoot it and in this guide we'll break them down for you step by step.