Advanced Micro Devices said it would cut about 1,650 workers — about 10 percent of its work force — because of deteriorating business conditions across its units around the globe.
The layoffs may be one of the first signs in Silicon Valley of an economic slowdown that has already affected other industries in the United States. As recently as December, many Silicon Valley executives were stating that they believed that high technology industries would be saved from a downturn.
Several analysts said that A.M.D., based in Sunnyvale, Calif., was facing problems largely because of a resurgent Intel, the world’s largest chip maker. A.M.D. lost market share to Intel last year and has also delayed shipping a new line of microprocessors, though it has said it has worked out those problems.
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