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Advanced Micro Devices Chief Executive and Chairman Hector Ruiz collected compensation valued at $7.4 million in 2007, down 54.3 percent from the year before, as the chip maker experienced its second difficult year in a row.

According to a proxy statement the company filed Friday with the Securities and Exchange Commission, Ruiz received $1.1 million in salary for the year. He received no performance-based bonus, compared with a performance bonus of $2.6 million the year before.

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