AMD Gives Another Bullish Forecast; Data Center Sales DoubleIan King
CEO Lisa Su expects a ‘positive demand environment’ in 2022
Company sees stronger demand for video-game console chips
Advanced Micro Devices Inc. gave a strong forecast indicating that market share gains, particularly in servers, are helping it make up for a tight supply of chips.
Fourth-quarter revenue will be about $4.5 billion, plus or minus $100 million, Santa Clara, California-based AMD said Tuesday in a statement. That compares with an average analyst estimate of $4.25 billion. The chipmaker is on course to exceed an earlier forecast and post a sales gain of 65% for 2021, it said.
Under Chief Executive Offer Lisa Su, the 52-year-old company is experiencing one of its strongest periods, offering products that are the equal or surpass those of larger rival Intel Corp. AMD’s growth, relative to that of its competitor, indicates the company is gaining market share.