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Advanced Micro Devices, Inc. (NASDAQ: AMD), headquartered in Santa Clara, California, is a pioneering multinational semiconductor company specializing in the development of high-performance CPUs, GPUs, and related technologies for both business and consumer markets. AMD designs advanced digital semiconductors for diverse applications, including PCs, gaming consoles, data centers, industrial, and automotive sectors. Historically known for its innovations in CPUs and GPUs, AMD's technology powers devices ranging from personal computers to the high-performing game consoles of Sony PlayStation and Microsoft Xbox.
In 2022, AMD made a strategic acquisition of Xilinx, known for its leadership in field-programmable gate arrays (FPGAs), broadening AMD's product offerings and market opportunities, particularly in data centers and automotive industries. The integration of Xilinx has fortified AMD's portfolio, enabling the delivery of adaptive and scalable solutions.
AMD's first-quarter financial results for 2024 highlighted a revenue of $5.5 billion, a gross margin of 47%, and operating income of $36 million. The non-GAAP gross margin stood at 52%, with a net income of $1.0 billion and diluted earnings per share of $0.62. Significant year-over-year growth in the Data Center and Client segments, driven by the adoption of Ryzen and EPYC processors and the ramp of MI300 AI accelerators, underpinned these results.
Notable achievements include record revenue in the Data Center segment, which saw an 80% year-over-year increase, and a robust portfolio expansion with the launch of new AI solutions for various markets. AMD's partnerships with tech giants like Lenovo, Dell Technologies, and Supermicro underscore its commitment to advancing AI capabilities across cloud, enterprise, and embedded systems. The introduction of the AMD Ryzen PRO and Versal Series Gen 2 devices further showcases AMD's innovation in AI and edge computing.
AMD's outlook for the second quarter of 2024 projects a revenue of approximately $5.7 billion, with continued growth and margin improvement on the horizon. The company remains focused on leveraging AI opportunities to drive future growth.
In recent developments, AMD's collaboration with Optiver highlights the deployment of AMD's high-performance compute solutions, including EPYC CPUs and Alveo accelerators, to enhance financial market infrastructures. Furthermore, AMD's recognition with the IEEE Corporate Innovation Award reflects its pioneering work in chiplet architecture and high-performance computing, emphasizing its leadership in the semiconductor industry.
AMD has launched its new Ryzen Threadripper PRO Processor lineup featuring up to 64 cores, aimed at professional workstations. The flagship 3995WX model delivers a remarkable 27% improvement in multithreaded performance compared to competitors. Enhanced by AMD PRO technologies, these processors offer enterprise-level security and management features. The partnership with Lenovo introduces the ThinkStation P620, the first 64-core workstation, promising high performance and scalability. The processors also support PCIe Gen 4, enhancing connectivity and bandwidth.
AMD announced the beta release of Confidential Virtual Machines (VMs) in collaboration with Google Cloud, powered by 2nd Gen AMD EPYC processors. This innovative offering enables real-time encryption while data is processed, enhancing security for enterprise workloads. Confidential VMs support high-performance computing and require no code changes from customers, making adoption seamless. The service is now available in various Google Cloud regions, significantly advancing cloud data protection and collaboration for sensitive workloads.
AMD has announced that it has exceeded its 25x20 energy efficiency goal for mobile processors, achieving a 31.7 times improvement since 2014. The new Ryzen 7 4800H mobile processor boasts significant advancements in energy efficiency, leading to enhanced performance and reduced environmental impact. Transitioning from older AMD models to this new processor could result in 84% less energy consumption over three years, equating to a savings of about 1.4 million kilowatt hours. This achievement positions AMD as a leader in sustainability and performance in the semiconductor industry.
AMD has achieved significant milestones with its EPYC processors, now powering four of the TOP500 supercomputers, including the seventh fastest globally, Selene. Institutions like CERN, Indiana University, and Purdue University have adopted AMD technology for advanced research. This highlights AMD's growing influence in high-performance computing, particularly as it prepares for the deployment of exascale systems. The technology reinforces AMD's position in the cloud computing market, with partnerships across major players like Amazon and Google.
AMD has launched the Radeon Pro 5600M mobile GPU for the 16-inch MacBook Pro. This GPU, built on advanced 7nm process technology and RDNA architecture, offers exceptional performance for demanding tasks like video editing and game creation. Featuring 40 compute units and 8GB of HBM2 memory, it delivers up to 5.3 TFLOPS of performance, making it a powerful tool for professionals on the go. The new GPU enhances the existing lineup, providing users with more options for high-performance graphics.
AMD has launched its 2nd Gen EPYC processors for Amazon EC2 C5a instances, available in the AWS U.S. East, U.S. West, Europe, and Asia Pacific regions. These processors operate at frequencies up to 3.3GHz and support up to 96 virtual CPUs. The C5a instances promise leadership x86 price-performance for compute-intensive workloads, such as batch processing and web applications. This move enhances AMD's collaboration with AWS, providing customers with options that optimize performance and cost.
AMD has donated high-performance computing systems to NYU, MIT, and Rice University, contributing over seven petaflops of compute power to enhance COVID-19 research. This initiative includes a cloud-based system powered by AMD EPYC and AMD Radeon Instinct processors, allowing global researchers to access remote computing capabilities. These universities aim to utilize the donated systems for various pandemic-related research areas, including genomics and vaccine development. AMD's HPC Fund, with contributions from partners like Penguin Computing, supports accelerated medical research.
AMD (NASDAQ: AMD) will present at the Bank of America Securities Global Technology Conference on June 2, 2020, at 4:00 PM ET. Devinder Kumar, the company's CFO, will lead the presentation.
A live audio webcast will be available on AMD’s Investor Relations website, with a replay accessible four hours post-event for one year. For over 50 years, AMD has been a leader in high-performance computing, graphics, and visualization technologies used globally by consumers, businesses, and researchers.
AMD will have its CEO, Dr. Lisa Su, present at Bernstein’s 36th annual Strategic Decisions Conference on May 28, 2020, at 9:00am ET. This live event will be accessible via a real-time video webcast on AMD’s Investor Relations website. A replay will be available approximately four hours post-presentation for 30 days. For over 50 years, AMD has been pivotal in high-performance computing and visualization technologies, helping millions enhance their daily lives through advanced products.
AMD has launched the Radeon Pro VII, a workstation graphics card designed for broadcast and engineering professionals, featuring up to 26% higher performance in 8K processing compared to competitors. It includes 16GB of HBM2 memory, supports high-bandwidth PCIe 4.0, and introduces Infinity Fabric Link technology for improved GPU communication. The card is expected to retail at $1899 USD from mid-June 2020. Additionally, the Radeon Pro Software for Enterprise is updated to enhance performance across current-generation AMD cards.
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