Semiconductor firm AMD had once hoped to develop low-cost personal computers for the developing world, however a new filing reveals that the company is abandoning its efforts.
A filing with the Securities and Exchange Commission has disclosed that AMD is halting the Personal Internet Communicator (PIC) project due to lack of market interest and slow sales.
The PIC, introduced in 2004, is part of AMD's 50x15 program, a drive aimed at equipping 50 percent of the worldâ€™s populace with Internet access by 2015. The device costs $185 and utilized AMD's low-power Geode processor.
Revenue from sales of PIC products has not been material and in the third quarter of 2006, the Company stopped manufacturing PIC products, the company said in the filing.