“If the Abu Dhabi deal were to fall through, AMD would not survive. I had to do everything in my control to make it happen,” wrote Hector Ruiz in his book called Slingshot: AMD’s Fight to Free an Industry from the Ruthless Grip of Intel, reports the Wall Street Journal.
While Hector Ruiz was at the head of AMD, the company gained market share from Intel Corp. thanks to award-winning K8 processor design, which development started long before Mr. Ruiz took the helm. Unfortunately, by the time Mr. Ruiz left the company in 2008, the firm's market shares almost returned to their historical levels. Hector Ruiz was the second chief executive of AMD who took the CEO seat after Jerry Sanders, a co-founder of AMD retired after 33 years at the company. While he did solve a number of problems for AMD, he also created new challenges because of rather controversial decisions.
Hector Ruiz: AMD would not have survived without Abu Dhabi deal
Posted on Friday, Feb 15 2013 @ 12:40 CET by Thomas De Maesschalck