Advanced Micro Devices Chief Executive Officer Lisa Su on Thursday flagged a slowdown in personal computers (PC) this year after two years of a "very strong PC market".
Su, at the chip company's analyst day, said while the
downturn was natural after a long period of high, the market for high
performance and adaptive computing was "great".
Research firm Canalys said in a note last week that demand
for consumer and education PC segments has further slowed due to market
saturation and inflation concerns, after reporting first-quarter US PC
shipments underwent a third consecutive quarter of decline.
AMD said on Thursday it has seen a "tremendous"
increase in demand for its cloud computing, data centre chips and those used in
artificial intelligence applications.
It expects gross margin of over 57 percent in the near
future and an operating margin in the mid 30 percent range. In the first
quarter, the company reported a gross margin of 48 percent and operating margin
of 16 percent.
In May, AMD said it expected non-GAAP gross margin for 2022
to be about 54 percent, while forecasting full-year and second-quarter revenue
higher than Wall Street estimates.
In other news, Facebook parent, Meta Platforms, and chip
maker AMD announced in May that they were partnering for a mobile internet
infrastructure program that would bring base station costs down to make
broadband more accessible around the world.
The programme, called Evenstar, was launched by Meta in
early 2020 and promotes a platform called OpenRan that makes it possible for
cellular network operators to mix and match hardware and software for building
base stations instead of buying all of it from one equipment maker.
That gives operators more flexibility and makes equipment
pricing more competitive, said Gilles Garcia, an executive with AMD's data
center and communications group. © Reuters
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