Reports $5.4b of revenue, down by 18 percent YoY
AMD has reported its financial results for the second quarter of 2023, reporting a revenue of $5.4 billion, a gross margin of 46 percent, and a net income of $27 million. This is a significant but expected drop in revenue of 18 percent compared to the same quarter last year, but it managed to get its gross margin up by two points.
Falling PC demand and luke-warm relations between US and China to blame
The cocaine nose jobs of Wall Street have been pummelling AMD and bought the companies shares, but its CEO claims that things are probably not as bad as they seem.
After two years of a strong market
AMD CEO Lisa Su warned that there will be a slowdown in personal computers this year after two years of a "very strong PC market".
Very Zen and not in a good way
During an interview with Barrons, AMD CEO Lisa Su reiterated that the current chip supply shortages would continue to adversely affect makers' ability to meet consumer demands until the end of 2021.
"Accelerating The High-Performance Computing Ecosystem"
AMD and TAITRA have announced that AMD's President and CEO, Dr. Lisa Su will be holding a keynote address at Computex 2021. Named, "AMD Accelerating - The High-Performance Computing Ecosystem", the digital keynote will be kicking off Computex 2021 show on Tuesday, June 1st.
$35 billion biggest to date
News that AMD might acquire Xilinx was quite a surprise after the Nvidia–ARM consolidation, but not surprising. Using current stock and market value increase, AMD decided to make a strategic decision to play better in the data center, 5G, automotive, and fight against the Intel–Altera alliance.
Data center strategy
It is impossible to get a comment from either AMD or Xilinx on this matter, but as far as we could ask around, AMD is going to attempt to buy Xilinx. The move will help the company’s data center strategy, and it is carefully targeted.
Launching later this year
In a message on her Twitter account, AMD's CEO Dr. Lisa Su confirmed once again that Zen 3 is on track and coming later this year.
Coming in 2020
AMD has confirmed that earlier rumors are not true and that Zen 3 is still on track for 2020.