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AMD’s CEO steps down, COO takes over

Lisa Su, AMD’s new CEO. AMD AMD named Lisa Su, its chief operating officer, as its new CEO, effective immediately, replacing Rory Read as the struggling maker of PC chips continues its attempt at a turnaround. Read, 52 years old, stepped down as president and chief executive, and as a board member. He will support the transition as an adviser, …

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Nokia to shutter India phone factory amid tax dispute

Nokia Lumia 1520 Josh Miller/CNET Nokia will end production at its last remaining smartphone plant on November 1, the company has confirmed. The Chennai, India, plant will officially halt operations next month after Microsoft informed Nokia that it will no longer use the facility for its smartphone production, the Finland-based company said Wednesday. “Microsoft has informed Nokia that it will …

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