Advanced Micro Devices Inc Stock Price, News & Analysis

AMD (NASDAQ: AMD) has announced that its chair and CEO, Dr. Lisa Su, will be presenting at the Goldman Sachs Communacopia and Technology Conference on Monday, September 9, 2024. The presentation is scheduled for 12:25 PM PT / 3:25 PM ET.

Investors and interested parties can access a live webcast of the presentation through the AMD Investor Relations website at ir.amd.com. This event provides an opportunity for AMD to share insights and updates with the investment community, potentially discussing the company's latest technological advancements, market strategies, and financial performance.

AMD has appointed Keith Strier as senior vice president of global AI markets. With over 30 years of experience, Strier previously served as vice president of worldwide AI initiatives at NVIDIA. At AMD, he will be responsible for expanding the company's AI vision, driving new ecosystem capabilities, and accelerating strategic AI engagements globally across public and private sectors.

Strier's extensive background includes roles as the first global AI leader for EY and the first global chief digital officer for Deloitte. He sits on multiple global AI policy and advisory boards, including the U.S. National AI Advisory Committee (NAIAC). His appointment is expected to strengthen AMD's AI engagements globally and accelerate the adoption of AMD-powered solutions to meet the growing demand for AI.

AMD has released its 2023-24 Corporate Responsibility Report, highlighting progress in environmental sustainability, digital impact, diversity and inclusion, and supply chain responsibility. Key achievements include:

1. Environmental Impact: AMD reduced carbon emissions by 24.5% since 2020 and sourced 40% of energy from renewable sources. The company's chiplet architecture saved ~132,000 metric tons of CO2e in 2023.

2. Scientific Research and STEM Education: Over 150 institutions received AMD technology donations, benefiting approximately 61 million people.

3. Employee Empowerment: 92% of employees reported that AMD creates an inclusive environment. The company launched programs like Advancing Women in Tech and Hiring our Heroes.

4. Supply Chain Collaboration: 84% of AMD Manufacturing Suppliers had Responsible Business Alliance audits between 2020-2023, and 95% of suppliers attended forced labor prevention workshops.

AMD has announced that Mark Papermaster, the company's executive vice president and chief technology officer, will be presenting at the Deutsche Bank Technology Conference on Wednesday, August 28, 2024. The presentation is scheduled for 1:15 PM PT / 4:15 PM ET.

Investors and interested parties can access a live webcast of the presentation through the AMD Investor Relations website at ir.amd.com. This event provides an opportunity for AMD to showcase its technological advancements and strategic initiatives to a broad audience of industry professionals and potential investors.

AMD has announced a strategic acquisition of ZT Systems, a leading provider of AI infrastructure for hyperscale computing companies, in a deal valued at $4.9 billion. This move is part of AMD's AI strategy to deliver leadership AI training and inferencing solutions. ZT Systems brings extensive experience in designing and optimizing cloud computing solutions, which will help accelerate the deployment of AMD-powered AI infrastructure at scale.

Key points:

• The transaction includes cash and stock, with a contingent payment of up to $400 million based on post-closing milestones
• AMD expects the deal to be accretive on a non-GAAP basis by the end of 2025
• ZT Systems will join AMD's Data Center Solutions Business Group
• AMD plans to seek a strategic partner to acquire ZT Systems' U.S.-based manufacturing business
• The acquisition is expected to close in the first half of 2025, subject to regulatory approvals

AMD has completed its acquisition of Silo AI, Europe's largest private AI lab, for $665 million in cash. This strategic move enhances AMD's commitment to delivering end-to-end AI solutions based on open standards. Silo AI brings a team of world-class AI scientists and engineers experienced in developing cutting-edge AI models, platforms, and solutions for major enterprise customers. The team has created state-of-the-art open-source multilingual Large Language Models (LLMs) on AMD platforms.

The Silo AI team will join the AMD Artificial Intelligence Group (AIG), led by Senior Vice President Vamsi Boppana. This acquisition is expected to improve customer experience in delivering high-performing AI solutions on AMD platforms, leveraging Silo AI's expertise in developing and integrating AI models for critical problem-solving.

AMD reported strong Q2 2024 financial results with revenue of $5.8 billion, up 9% year-over-year. The company's Data Center segment achieved record revenue of $2.8 billion, up 115% year-over-year, driven by AMD Instinct GPU and EPYC CPU sales. Client segment revenue increased 49% to $1.5 billion. Non-GAAP gross margin improved to 53%, and diluted EPS rose 19% to $0.69. AMD expanded its AI solutions portfolio with new CPUs, GPUs, and NPUs. The company also previewed 5th Gen EPYC processors and announced new Ryzen 9000 Series processors. AMD expects Q3 2024 revenue to be approximately $5.7 billion, +/- $300 million, with non-GAAP gross margin around 52%.

AMD has announced the retirement of President Victor Peng, effective August 30, 2024. Peng, who rejoined AMD in 2022 following the Xilinx acquisition, will continue in an advisory role until his retirement date. Under his leadership, AMD became the industry's #1 provider of FPGA and adaptive computing solutions.

As part of the transition, Vamsi Boppana, Senior VP of the Artificial Intelligence Group, will expand his responsibilities to include the AMD Instinct™ data center AI accelerator business. Salil Raje, Senior VP and GM of the Adaptive and Embedded Computing Group, will continue leading the AMD embedded business. Both Boppana and Raje will report directly to AMD Chair and CEO Dr. Lisa Su.

Samsung Electro-Mechanics (SEMCO) has announced a collaboration with AMD to supply high-performance substrates for hyperscale data center computing. These substrates, produced in SEMCO's Busan technology hub and new Vietnam factory, are designed to enhance the performance and reliability of next-generation data centers.

The semiconductor substrate market is projected to grow at a 7% annual rate, reaching 20 trillion KRW by 2028. SEMCO's 1.9 trillion KRW investment in its FCBGA factory demonstrates its commitment to advancing substrate technology. The collaboration focuses on integrating multiple semiconductor chips (Chiplets) on large substrates, which are ten times larger and have three times more layers than standard computer substrates.

SEMCO's advanced manufacturing processes address challenges like warpage, ensuring high yields during chip mounting. The FCBGA factory's real-time data collection and modeling capabilities enable the development of predictive manufacturing models for signal, power, and mechanical integrity.