Advanced Micro Devices - AMD STOCK NEWS

AMD announced that its Versal AI Core series will power Canon's Free Viewpoint Video System, revolutionizing live sports broadcasts. This advanced system utilizes a network of high-resolution cameras, offering immersive viewing experiences from multiple angles. The Versal AI Core enables real-time video processing, enhancing live replays and allowing broadcasters to provide unique viewer experiences. Canon plans to deploy this technology at various professional basketball arenas and premier sports venues globally.

AMD announced the appointment of Mathew Hein as chief strategy officer and senior vice president of corporate development, effective June 27, 2022. Hein will focus on advancing AMD's strategy in high-performance and adaptive computing solutions, collaborating closely with the executive team to drive growth. He has extensive experience in strategic planning and business development, having previously advised AMD and worked at Morgan Stanley. CEO Dr. Lisa Su emphasized the increasing demand for high-performance products, positioning Hein as a valuable addition to accelerate AMD's market presence.

AMD has launched the Ryzen Embedded R2000 Series, featuring significant advancements over the previous generation. These second-generation system-on-chip (SoC) processors support up to 4 CPU cores, enhanced Radeon graphics, and can power up to 4 independent 4K displays. The R2515 model shows up to 81% higher CPU and graphics performance. With improved power efficiency, 50% higher memory bandwidth, and expanded I/O capabilities, these processors are ideal for industrial applications, robotics, and IoT systems. Availability is expected starting October 2022.

AMD has unveiled its next-generation hardware and software roadmaps, aiming to accelerate data center growth and solidify its leadership in AI. The company highlighted the launch of its Zen 4 CPU cores and expanded product portfolio tailored to various markets, including data centers and gaming. Key details include a performance increase of over 25% per watt and new products like the 4th Gen EPYC processors and Instinct MI300 accelerators. AMD's transformative acquisition of Xilinx further enhances its capabilities, targeting a $300 billion market for high-performance products.

AMD has announced the pricing of a public offering of $1 billion senior notes, divided into two tranches: $500 million in 3.924% notes due in 2032 and $500 million in 4.393% notes due in 2052. The offering aims to close on June 9, 2022, and the proceeds will be used for general corporate purposes. This offering is registered under an automatically effective shelf registration statement with the SEC. Barclays Capital and other financial institutions are acting as underwriters for the offering.

AMD announced its intention to offer senior unsecured notes in an underwritten public offering on June 7, 2022. The net proceeds from this offering will be used for general corporate purposes. The offering is being managed by Barclays Capital, BofA Securities, Credit Suisse, J.P. Morgan, and Wells Fargo. It will utilize an automatically effective shelf registration statement filed with the SEC on June 6, 2022. The press release also includes cautionary statements regarding forward-looking statements and potential risks associated with the offering.

AMD will host its Financial Analyst Day on June 9, 2022, aimed at providing updates on corporate strategy, technology, product roadmaps, and growth opportunities. A live video webcast featuring presentations will be made available on the Investor Relations section of AMD's website. Following the live event, a replay will be accessible about four hours later, along with executive presentation copies.

For over 50 years, AMD has been a leader in high-performance computing and visualization technologies, impacting billions globally.

AMD has expanded its High Performance Compute (HPC) Fund by integrating the Xilinx Heterogeneous Accelerated Compute Clusters (HACC) program, adding 7 petaflops of computing capacity. This brings the total donated capacity to over 20 petaflops, valued at more than $31 million. The initiative aims to assist global researchers in tackling major societal challenges, beyond just COVID-19. To date, over 28 institutions have benefited from AMD's resources, leading to notable research outputs. AMD aims to ensure 100 million people benefit from its technology by 2025.

AMD celebrates a significant milestone in high-performance computing (HPC) as its Frontier supercomputer, powered by AMD EPYC CPUs and AMD Instinct Accelerators, is ranked first on the Top500, Green500, and HPL-AI performance lists. The Frontier achieved a world record performance of 1.1 exaflops, surpassing the competition by a significant margin. Moreover, AMD's technology is present in 94 systems on the Top500 list, marking a 95% increase year-on-year, showcasing its growing dominance in the HPC sector.