Investing Club: AMD's big bet to further move beyond chips for PCs has 'gone very well,' CEO says
Advanced Micro Devices CEO Lisa Su believes the chip designer's blockbuster Xilinx acquisition has gone to plan since it closed in February, with more benefits awaiting on the horizon. Buying Xilinx helped AMD further diversify its business away from personal computers, significantly boosting the company's ability to help power industries like aerospace, automotive and telecommunications.
"I'm actually even more excited about what we'll see in the future as we integrate some of our products together with the AMD processor IP with some of the Xilinx AI and other acceleration IP. We think it's going to be a fantastic portfolio." So far, AMD's data center business has proven "relatively resilient" in the face of economic headwinds, Su said, growing 45% year-over-year to $1.6 billion in the third quarter.
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