Advanced Micro Devices Inc. (AMD), known as AMD, is a global semiconductor company whose many products are used in electronic products and systems. The company's mission is to create and deliver the best high-performance computing products and solutions in the world to a variety of customer markets.

These products include central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), chipsets, data processing units (DPUs), artificial intelligence (AI) accelerators, and Adaptive System-on-Chip (SoC) products.

The Data Center and Client business segments powered growth in the first quarter of 2024.

AMD believes that AI is crucial to the solutions that it offers its clients in various markets and projects that its AI-related business will grow.

AMD's Industry

AMD (AMD) operates in the Semiconductors industry with🐎in the Technology sector.

Its five-pronged business strategy is to "extend leadership in foundational technology and IP, provide competitive software, tools and open source enablement, re-use core technology across platforms to achieve economies of scale, build effective ecosystems with disciplined partnerships, and drive customer-centric go-to-market that leverages all of AMD’s capabilities."

AMD's 澳洲幸运5官方开奖结果体彩网:major competitors include Intel Corp. (INTC) and NVIDIA Corp. (NVDA). Other computing and technology companies may be less specialized in the semiconductor area but still offer products that overlap with AMD's, making them competitors. International Business Machines Corp. (IBM) is one such company.

Additional competitors are:

• Taiwan Semiconductor Manufacturing (TSM)
• Broadcom (AVGO)
• Applied Materials (AMAT)
• Texas Instruments (TXN)
• Micron Technology (MU)
• ARM (ARM)
• Analog Devices (ADI)
• NXP Semiconductors (NXPI)
• Marvell Technology (MRVL)

AMD's Financials

As of June 2024, AMD's market capitalization was $260.17 billion.

AMD's 2023 annual report reported the company's financial results for the 2023 fiscal year (FY) ended Dec. 30, 2023. Additionally, on April 30, 2024, the compꦫany announced financial results for the quarter ended March 30, 2024.

Revenue

For FY 2023, revenue was $22.68 billion, a decrease of 3.9% from the previous year's $23.6 billion. For the first quarter of FY 2024, revenue was $5.47 billion, an increase of 2.2% from the previous year's first quarter.

Operating Income

For FY 2023, operating income was $401 million, a decrease of 68% from the previous year's $1.26 billion. For the first quarter of FY 2024, operating income was $36 million, an increase of 125% over the previous year's first quarter.

Net Income

For FY 2023, net income was $854 million, a decrease of 35% from the previous year's $1.32 billion. For the first quarter of FY 2024, net income was $123 million, an increase of 188% over the previous year's first quarter.

Revenue From Business Segments

AMD has four reportable business segments: Dꦫata Center, Client, Gaming, and Embedded. The company also has an All Other category, which is not a reportable segment and primarily includes employee-stock-based compensation expenses and acquisition-related costs.

Data Center

For FY 2023, the Data Center segment generated $6.49 billion in revenue, an increase of 7.4% from the previous year. Operating income was $1.26 billion, a decrease of 31% from the previous year.

For the first quarter of FY 2024, revenue was $2.33 billion, an increase over the previous first quarter's $1.29 billion. Operating income was $541 million, an increase over the previous first quarter's $148 million.

According to AMD, data centers today must have high-performance, energy efficient, scalable, and adaptable computing capabilities if they are to satisfy customer demands that involve the storage, accessibility, analysis and management of increasing amounts of data.

Products in this segment include server-class CPUs, GPUs, AI accelerators, DPUs, adaptive SoCs, Field Programmable Gate Arrays (FPGAs), and Smart Network Interface Cards (SmartNICs). They are designed to handle computational, visual data processing, and AI workload acceleration needs in the data center market.

Client

For FY 2023, the Client segment generated $4.65 billion in revenue, a decrease of 25% from the previous year. Operating income was a loss of $46 million, a decrease from the previous year's $1.19 billion.

For the first quarter of FY 2024, revenue was $1.36 billion, an increase over the previous first quarter's $739 million. Operating income was $86 million, an increase over the previous first quarter's loss of $172 million.

For the client segment, AMD develops integrated and balanced computing systems to deliver customers a platform that provides improved system stability, increased performance and enhanced power efficiency.

The company also feels that providing customers with an all-AMD platform (an APU or CPU, a discrete GPU, a chipset and AMD software) gives them an enormous advantage. This guarantees them a single point of contact and optimized interoperability.

Gaming

For FY 2023, the Gaming segment generated $6.21 billion in revenue, a decrease of 9% from the previous year. Operating income was $971 million, an increase of 1.8% over the previous year.

For the first quarter of FY 2024, revenue was $922 million, a decrease from the previous first quarter's $1.75 billion. Operating income was $151 million, a decrease from the previous first quarter's $314 million.

AMD's gaming-related products are used in an array of computing devices and entertainment platforms, such as desktop PCs, notebook PCs, handheld PCs, All-in-Ones (AIOs), and professional workstations. For every graphics product the company provides drivers and software packages so that each can be used most effectively with different operating systems and applications.

AMD also collaborates with semiconductor suppliers, system designers, and manufacturers, such as the leading game console and handheld PC gaming companies, to provide semi-custom solutions to customers.

Embedded

For FY 2023, the Embedded segment generated $5.32 billion in revenue, an increase of 17% over the previous year. Operating income was $2.62 billion, an increase of 16.6% over the previous year.

For the first quarter of FY 2024, revenue was $846 million, a decrease from the previous first quarter's $1.56 billion. Operating income was $342 million, a decrease from the previous first quarter's $798 million.

The embedded segment address the computer processing needs of those in the automotive, industrial, test, measurement, emulation, medical, broadcast, professional audio visual (ProAV), aerospace, defense, communications, networking, security, and storage markets.

Requirements of these customers may include different power levels, especially lower power levels, and operations running 24 hours a day, seven days a week. They may also have exact specifications for industrial temperatures, shock, vibration and reliability.

History and Leadership

AMD was founded in 1969 by Jerry Sanders and other industry colleagues. The compan൩y is headquartered in Santa Clara, Caꩲlif.

Before he launched AMD, Sanders worked at D꧅ouglas Aircraft, Motorola, and Fairchild Semiconductor, which he joined in 1961. He was chairman and CEO of AMD from 1969 until♍ he retired in 2002.

Sanders received many professional acknowledgements and awards during his time with AMD. For example, in 1998 he received the semiconductor industry's highest honor for leadership, the Robert N. Noyce Award, from the Semiconductor Industry Association (SIA).

And in 2001, he received the Medal of Achievement from the American Electronics Association, the largest high-tech industry association in the U.S.

Today, Dr. Lisa Su is AMD's chair and CEO. Victor Peng is its president.

Recent Developments

• In June 2024, AMD announced a "series of next-generation architecture and products aimed at ushering in a new era of AI experiences." It introduced the AMD Ryzen™ AI 300 Series processors, which have the most powerful Neural Processing Unit (NPU)1 worldwide for next-gen AI PCs. The groundbreaking advance will lead the way to AI computing on laptops.

• In May 2024, AMD received the 2024 Corporate Innovation Award from the Institute of Electrical and Electronics Engineers (IEEE). The company was heralded for pioneering the development and deployment of chiplet architecture designs for high-performance and adaptive computing.

• In February 2024, AMD announced that the Japanese bullet train operator, JR Kyushu Railway Company, would begin using the AMD Kria™ K26 System-on-Module to automate its inspection of 1,455 miles of railroad tracks. AMD's solution replaces the inspection of tracks by workers on foot. Inspections will now involve the use of high-speed image processing and advanced AI capabilities to reveal and inspect loose bolts and other rail-associated problems.

The Bottom Line

AMD is a global semiconductor manufacturer that operates through its four business segments, Data Center, Client, Gaming, and Embedded. Its innovative and high-performance processing solutions, which include a focus on AI, are behi🍌nd the efficient and effective work processes of a multitude of companies across the globe.

Its CEO, Dr. Lisa Su shared, "AI is driving demand for significantly more compute across a broad range of markets. We are executing very well as we ramp our data center business and enable AI capabilities across our product portfolio.”