AMD’s big vision + Microsoft’s cloud gaming bet
Chipmaker aims to hit $40 billion revenue in three years; tie-up with Samsung will expand Microsoft’s cloud gaming footprint.
Why read this story?
Editor's note: The world needs more computing power, and hence more and more chips. Advanced Micro Devices wants to ride the wave, not from the sidelines anymore, but with the aim of more than doubling its annual revenue to $40 billion in the next three years. For comparison, the chipmaker reported a revenue of $16.4 billion last year. At the company’s recent financial analyst day (the first in two years), AMD CEO Lisa Su unpacked the company’s new vision. Under her, AMD set off on a path of high-performance computing in 2020. The company’s data centre business has grown by a 95% CAGR since then and accounts for 25% of AMD’s overall revenue mix now. (Su still believes that AMD is underrepresented in the market. In the first quarter of 2022, the company had 11.6% of the market for data centre chips, according to a Mercury Research report.) AMD now powers the top 10 hyperscalers globally: AWS, Alibaba Cloud, Baidu, Meta, Google Cloud, IBM Cloud, Oracle, Microsoft Azure, Tencent Cloud and Twitter. But with the $35 billion acquisition of Xilinx last October, …
More in Internet
You may also like
What the $1 trillion pledge got MBS in return
The crown prince of Saudi Arabia returns to Washington DC with big promises, but may be walking away with more.
In India’s Lenskart IPO, a success for ADIA
The sovereign wealth fund’s big bet on the Indian eyewear company, Microsoft’s AI win in the Emirates and other updates from the week.
Carbon credits’ house of cards
Once hailed as a climate fintech innovator, Aspiration Partners’s collapse is shaking trust in carbon offsets and ESG startups.
