AMD CEO Lisa T. Su On Q3 2017 growth, Q4 and future of AMD in 2018

amd ceo interview su amd growth

Amd CEO Lisa T. Su _ AMD

AMD had a better-than-expected Q3 results 2017, and Q4 is in progress with a lot of hope and prospects of success. from Advanced Micro Devices (AMD) is having a very great year at least comparing last 5 years and if the next gen AMD Ryzen CPUs and RX Vega graphics go as good as the first generation, you should expect a rising momentum in AMD 2018 Q1 results. Lisa T. Su AMD CEO said to Tiernan Rayin (from Barons) in an interview that commercial use of the Blockchain “has long-term opportunities that are interesting,” to AMD and can be an important source of growth for AMD’s GPU business. Despite the good results of Q 3, it didn’t prevent the shares from sinking $1.59, or 11%, to $12.66, in late trading. Su noted the 26% rise in revenue and the improving gross profit margin, Su says: AMD “made excellent progress” during the 3rd quarter. Su mentioned “Ryzen Mobile” new ryzen notebook chips, and that sales of GPU chips were lifted by use in Blockchain applications.

Su Mentioned in the interview that Q4 tends to not be as strong for sales as Q3, Because AMD sells Sony (SNE) and Microsoft (MSFT) the CPU for their gaming consoles, sees lower sales and that will effect the Q4 results and AMD will expect slightly lower results in the next 2 month of 2017.

“I’m actually quite happy with it.” Lisa T. Su AMD CEO said.

“My big theme has been really transforming AMD into a growth company,” she said. “That’s the center of our attention. I’m pleased with the results. Our business is accelerating. In the first half of the year, we were up 18% to 19% [in revenue growth, year over year]. The second half, we are up in the mid twenties [percentage revenue growth].” Lisa T. Su AMD CEO said.

“That acceleration is important, it shows the strength in our new products, the ramps are going well, the products are well positioned in the market.” Lisa T. Su AMD CEO said.

There is a trending behavior in Nvidia marketing and product introductions and future business models illustration that all are focused on Artificial Intelligence AI and how some of the new products Nvidia is releasing are designed specifically for AI development and AI systems processes with coda and parallel processing like the Tesla V100 made by the new Nvidia architecture Volta. So Su was asked if AMD is in anyway considering the fact that AI is part of the future and as the most important part of the close future is 2018 and new platform AMD is going to release like AMD Ryzen 2nd gen and RX Vega 2nd gen in early 2018, if there is going to be anything about AI in AMD platforms. And she answered:

“We are growing that business, we are seeing a broad set of customers taking that up, and we will be a little bit more specific on the applications and workloads. But, no question, A.I. is growing a lot in general. They use GPUs, and accelerators, and it’s a growth market for us.”


………

Tags:

Technology, AMD, NVIDIA, AMD CEO Lisa T. Su, AMD q3 2017, AMD q4 2017, AM growth, AMD drop growth, AMD in 2018

Mohsen Daemi
Latest posts by Mohsen Daemi (see all)