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CEO steps down as AMD struggles
Paul Sakuma / AP
STORY TOOLS 
More from BusinessSAN FRANCISCO — The CEO of chip-maker Advanced Micro Devices Inc. is stepping down. Hector Ruiz, right, will be replaced by the No. 2 executive, Dirk Meyer.
Ruiz has been instrumental in elevating AMD to be a more dangerous rival to Intel Corp. But ultimately he takes the blame for AMD's financial distress. The Silicon Valley company has racked up billions of dollars in losses.
— The Associated Press
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