Advanced Micro Devices Stock

Advanced Micro Devices, Inc. (AMD) operates as a global semiconductor company.

The company primarily offers server microprocessors (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), Smart Network Interface Cards (SmartNICs), Artificial Intelligence (AI) accelerators and Adaptive System-on-Chip (SoC) products for data centers; CPUs, APUs and chipsets for desktop, notebook, and handheld personal computers; discrete GPUs, and semi-custom SoC products and development services; and embedded CPUs, GPUs, APUs, FPGAs, System on Modules (SOMs), and Adaptive SoC products.

With the company’s high-performance product portfolios, it delivers solutions that are differentiated at the chip level, such as its semi-custom SoCs, Adaptive SoCs, and APUs, and at the platform level, such as in its customers’ client computing devices, embedded platforms and servers. The company offers a deep portfolio of data center computing solutions including CPUs, GPUs, DPUs, SmartNICs, FPGAs, AI accelerators and Adaptive SoCs to meet the vast computing performance requirements of data centers, supercomputers, AI and Machine Learning (ML) data center environments and cloud environments.

The company drives innovation with its line-up of CPUs, APUs and chipsets for desktop, notebook, commercial and handheld PCs to bring performance, efficiency and modern security features to gamers, creators, consumers and enterprises. Its GPUs, including discrete GPUs, semi-custom SoC products and development services, work together with software to power immersive gaming experiences for personal PCs, handheld PCs, the latest game consoles and cloud gaming services.

The company’s AI product portfolio caters to customers across strategic markets, from data center to enterprise to client. It achieves this through the company’s family of CPUs, GPUs, FPGAs, and Adaptive SoCs. With the acquisitions of Mipsology SAS and Nod, Inc. in 2023, the company expands its AI software capabilities to accelerate its AI growth strategy centered on an open software ecosystem to help lower the barriers of entry for customers through developer tools, libraries and models.

The company develops world-class software platforms that are used to enable its high-performance products. Its software platforms include development tools, compilers, and drivers for the company’s CPUs, APUs, GPUs and FPGAs. The company works closely with its customers to define and develop customized solutions to precisely match their requirements. It enables this by combining its broad portfolio of high-performance IP with the company’s leadership design and packaging to deliver world-class customized solutions to its customers. The company invests in innovative technology and solutions, such as its custom-ready chiplet platform and AMD Infinity.

Segments

The company operates through four segments: Data Center, Client, Gaming and Embedded.

Data Center segment

This segment primarily includes server CPUs and GPUs, DPUs, FPGAs, SmartNICs, and Adaptive SoC products. The company leverages its technology to address the computational and visual data processing needs in the data center market.

Data Center Products

Server CPUs: The company’s CPUs for server platforms include the AMD EPYC Series processors – AMD EPYC 9004 Series, AMD EPYC 8004 Series, AMD EPYC 7003 Series and AMD EPYC 7002 Series. The company’s 4th Gen AMD EPYC 9004 Series processors are built on the ‘Zen 4’ 5 nanometer (nm) process node and redesigned to deliver leadership performance and energy efficiency across multiple market segments and workloads. The company’s 3rd Gen AMD EPYC and 4th Gen AMD EPYC portfolios both include processors that feature AMD 3D V-Cache technology for leadership performance in technical computing workloads.

Data Center GPUs: The company’s AMD Instinct family of GPU accelerator products, including AMD Instinct MI200 and MI300 Series which are based on AMD CDNA architecture. Combined with its AMD ROCm open software platform, the company’s customers can deliver differentiated accelerated platforms to address the next-generation of computing challenges while minimizing power and space needs in the data center. Its visual cloud GPU offerings include products in the Radeon PRO V families. The company’s visual cloud data center GPUs include a range of solutions tailored towards workloads requiring remote visualization, such as Desktop-as-a-Service, Workstation-as-a-Service and Cloud Gaming.

FPGAs and Adaptive SoCs: The company offer a range of FPGAs, Adaptive SoCs and acceleration cards for the data center. Devices include the Virtex and Kintex FPGA products, as well as Zynq, Zynq MPSoC, and Versal Adaptive SoC products. The company’s Alveo accelerator cards provide a platform for accelerating workloads in the data center, at the edge or the cloud. To make it accessible for developers, Alveo is available on most major OEM server platforms, as well as a growing presence across all major cloud providers who provide FPGA-as-a-Service (FaaS).

DPUs: The company’s P4 programmable AMD Pensando DPUs are designed to help offload data center infrastructure services from the CPU, and coupled with its comprehensive software stack, help enable cloud and enterprise customers to optimize performance for network, storage, and security services at cloud scale. Designed for minimal latency, jitter and power impact, The company’s DPUs can help large Infrastructure as a service (IaaS) cloud providers improve workload performance for hosted virtualized and bare-metal offerings.

Client segment

This segment includes CPUs, APUs, and chipsets for desktop, notebook and handheld personal computers.

Client Market

The company’s CPUs are incorporated into computing platforms, which are a collection of technologies that are designed to work together to provide a more complete computing solution. The company bases its CPUs and chipsets on the x86 instruction set architecture and the AMD Infinity Fabric, which connects an on-chip memory controller and input/output (I/O) channels directly to one or more CPU cores.

Client Products

Desktop CPUs: The company’s CPUs for desktop platforms include the AMD Ryzen and AMD Athlon series processors. The company’s Ryzen 7000 Series desktop processors are based on ‘Zen 4’ architecture and deliver leadership performance for gamers and content creators. The company’s AMD Ryzen 5000 Series desktop processor family powered by its ‘Zen 3’ core architecture has up to 16 cores. AMD has returned to the high end desktop (HEDT) segment with Ryzen Threadripper 7000 Series processors featuring up to 64 cores.

Notebook CPUs: The company’s mobile APUs, including AMD Ryzen and AMD Athlon mobile processors for the commercial and consumer markets, combine both high levels of performance and efficiency for notebook PCs. Its AMD Ryzen 7045 Series processors are designed to deliver high performance gaming solutions. The company’s AMD Ryzen 7040 Series processors for mobile applications have up to 8 Zen 4 architecture cores, are built on 4 nm process technology, and feature AMD RDNA 3 graphics. Its Ryzen 7040 Series mobile processors also feature dedicated AI hardware in an x86 processor, with the company’s XDNA architecture. Built on advanced 6 nm technology, its AMD Ryzen and Athlon 7020 C-Series processors have up to four cores and eight threads built on Zen 2 architecture and AMD RDNA 2 integrated graphics to deliver fast and responsive performance for modern productivity, video conferencing, learning apps and streaming applications. The company also offers AMD Ryzen 6000 Series mobile processors, built on Zen 3+ architecture and AMD Ryzen 5000 Series mobile processors, which are powered by both its Zen 2 and Zen 3 core architectures, which are designed for mainstream solutions in both consumer and commercial markets. Its AMD Ryzen Z1 Series processors bring high-performance to handheld Windows-based PC gaming platforms. These processors feature Zen 4 processor technology combined with RDNA 3 graphics to deliver fast PC gaming, incredible battery life, and immersive experiences in handheld systems.

Commercial CPUs: The company offers enterprise-class desktop and mobile PC solutions sold as AMD PRO Mobile and AMD PRO desktop processors with Radeon graphics for the commercial market. AMD Ryzen PRO, AMD Threadripper PRO and AMD Athlon PRO processors solutions are designed to provide enterprise customers with the performance, security capabilities and business features, such as enhanced security and manageability, platform longevity and extended image stability. The company’s AMD Ryzen Threadripper PRO 7000 WX-Series processors with en 4 core architecture and 5000 WX-Series processors with Zen 3 core architecture provide full-spectrum performance across multiple workstation workloads due to the performance and efficiency of the Zen CPU core with core count scaling up to 96 cores in the 7000 WX-Series. Its Ryzen PRO 7040 Series Mobile processors are built on Zen 4 architecture, AMD RDNA 3 integrated graphics, AMD PRO technologies and Ryzen AI, on select models. The company’s AMD Ryzen Threadripper PRO 7000 WX-Series processors are built on 5 nm Zen 4 architecture.

Chipsets: The company offers a full suite of chipset products to support its AMD Ryzen and Threadripper platforms, including chipsets for the AM5 socket like the X670 chipsets which support PCIe 5.0 (fifth generation Peripheral Component Interconnect Express motherboard interface) designed for enthusiast desktop platforms. In the AM5 platform, the company also offers B650 chipsets to enable a broader range of solutions in the market. In the AM4 ecosystem for 5000-series processors and prior, the company offers the X570, B550 and A520 chipsets. In addition, the company continues to offer the B450 chipsets that are combined with AMD Ryzen processors for the AM4 desktop platform for the performance and affordable mainstream platforms segments. In the High-End Desktop (HEDT) and Workstation segments, the company offers the WRX90 and TRX50 chipsets to support 7000-series Threadripper and Threadripper PRO platforms, as well as the WRX80 chipsets to support the 5000-series Threadripper PRO platforms.

Gaming segment

This segment primarily includes discrete GPUs, semi-custom SoC products and development services.

Gaming Market

Graphics processing is a fundamental component across many of the company’s products and can be found in an APU, GPU, SoC or a combination of a discrete GPU with one of the other foregoing products working in tandem. The company’s customers generally use its graphics solutions to enable or increase the speed of rendering images, to help improve image resolution and color definition. The company develops its graphics products for use in various computing devices and entertainment platforms, including desktop PCs, notebook PCs, All-in-Ones (AIOs), professional workstations, and the data center. With each of its graphics products, the company has available drivers and supporting software packages that enable the effective use of these products under a variety of operating systems and applications. The company has developed AMD RDNA 3, a high performing and power efficient graphics architecture, featuring a chiplet design, AI accelerators and the Radiance Display Engine. The Sony PlayStation 5 and Microsoft Xbox Series S and X game consoles also feature its RDNA graphics architecture. The company’s APUs deliver visual processing functionality for value and mainstream PCs by integrating a CPU and a GPU on a single chip, while discrete GPUs (which are also known as dGPUs) offer high-performance graphics processing across all platforms. The company leverages its core IP, including its graphics and processing technologies to develop semi-custom solutions. The company has used this collaborative co-development approach with many of today’s leading game console and handheld PC gaming manufacturers and can also address customer needs in many other markets. The company leverages its existing IP to create a variety of products tailored to a specific customer’s needs, including complex fully customized SoCs to more modest adaptations and integrations of existing CPU, APU or GPU products.

Gaming Products

Semi-Custom Products: The company’s semi-custom products are tailored, co-developed, high-performance, customer-specific solutions based on its CPU, GPU and multi-media technologies. The company works closely with its customers to define solutions to precisely match the requirements of the device or application. The company develops the semi-custom SoC products that power both the Sony PlayStation 5, as well as the Microsoft Xbox Series S and X game consoles. It partnered with Valve to create a semi-custom APU optimized for handheld gaming to power the Steam Deck.

Discrete Desktop and Notebook GPUs: The company’s AMD Radeon series discrete GPU processors for desktop and notebook PCs support generation application program interfaces (APIs) like DirectX 12 Ultimate and Vulkan, support high-refresh rate displays using AMD FreeSync, AMD FreeSync Premium, and AMD FreeSync Premium Pro technologies, and are designed to support VR in PC platforms. The company’s AMD Radeon Software expands remote gaming functionality and enables new features and customization capabilities. In addition, the company offers tools for game developers, such as its AMD FidelityFX open-source image quality software toolkit that helps deliver improved visual quality with minimal performance overhead. FidelityFX Super Resolution (FSR) uses upscaling technologies to help boost frame rates in games. The company’s FSR 2.0 technology uses temporal data and optimized anti-aliasing to boost frame rates in supported games while delivering similar or better image quality than native resolution without requirement dedicated machine learning hardware. The company’s FSR 3.0 technology combines the upscaling features of prior versions while introducing its AMD Fluid Motion Frames Technology which generates interpolated frames between native frames to increase the frame rate of games for a smoother gaming experience. Varying versions of FSR are supported in over 250 games and multiple products including Radeon GPUs, Ryzen APUs, and many of the company’s semi-custom solutions.

The company’s AMD Radeon RX 7000 series are built on the high-performance, energy-efficient AMD RDNA3 architecture which provides up to 96 compute units, second generation high-bandwidth, low-latency AMD Infinity Cache technology as well as dedicated AI and ray tracing hardware. The company continues to offer AMD Radeon RX 6000 series discrete graphics, based on its RDNA2 architecture, for high-performance gaming desktops and notebooks. Its AMD Advantage Design Framework is a collaboration with the company’s global PC partners, delivering high-performance gaming notebooks by combining its AMD Radeon RX series mobile graphics, AMD Software: Adrenalin Edition, AMD Ryzen series mobile processors and utilizing AMD smart technologies to provide best-in-class gaming experiences.

Professional GPUs: The company’s AMD Radeon W7000 PRO family of professional graphics products are based on the AMD RDNA3 architecture and are designed for integration in mobile and desktop workstations. AMD Radeon PRO graphics cards are designed to optimize design workloads across demanding use cases, such as 3D rendering, design and manufacturing for CAD, and media and entertainment for broadcast and animation pipelines on high resolution displays. The company’s AMD Radeon PRO W7000 series supports workstation GPUs with up to 48GB of VRAM and features the AMD Radiance Display Engine featuring DisplayPort 2.1 that delivers very high resolution and refresh rates, image fidelity and color accuracy. It continues to offer its AMD Radeon PRO W6000 series workstation graphics products based on the company’s AMD RDNA 2 architecture for high-performance workstations.

Embedded segment

This segment primarily includes embedded CPUs, GPUs, APUs, FPGAs, System on Modules (SOMs), and Adaptive SoC products.

The Embedded Market

Embedded products address computing needs in automotive, industrial, test, measurement, emulation, medical, broadcast, professional audio visual (ProAV), aerospace, defense, communications, networking, security, and storage markets, as well as thin clients, which are computers that serve as an access device on a network. Typically, the company’s embedded products are used in applications that require varying levels of performance.

Embedded Products

Embedded CPUs, APUs and GPUs: The company’s products for embedded platforms include AMD Embedded EPYC CPUs, AMD Embedded Ryzen V-Series APUs, CPUs, AMD Embedded Ryzen R-Series APUs, CPUs, AMD Ryzen Embedded 5000 Series processors and AMD Ryzen Embedded 7000 Series processors. The company’s embedded processors and GPUs are designed to support high performance and bandwidth network connectivity and security, high-performance storage requirements for enterprise and cloud infrastructure, 3D graphics performance and 4K multimedia requirements of automotive infotainment systems. The company’s AMD Ryzen Embedded 5000 Series processors use Zen 3 x86 CPU core architecture and are designed for enterprise reliability to support the consistent uptime requirements needed by security and networking customers. Its AMD Ryzen Embedded 7000 Series processor family combines Zen 4 architecture and integrated Radeon RDNA 2 graphics for a wide range of embedded applications, including industrial automation, machine vision, robotics and edge servers.

FPGAs and Adaptive SoCs: The company’s FPGA products are hardware-customizable devices that can be tailored to meet the specific needs of each customer, enabling them to differentiate their products and accelerate time-to-market. The company’s FPGA families include UltraScale+ (based on 16 nm technology), UltraScale (20 nm), 7 Series (28 nm) and older series. Adaptive SoC products include the Zynq SoC and UltraScale+ Multi-Processing System on a Chip (MPSoCs) which combine FPGA technology with a heterogeneous processing system, as well as the industry’s first RFSoC architecture with integrated radio frequency (RF) data converters. The Versal portfolio is consisted of software-programmable Adaptive SoCs, with a heterogeneous compute platform that combines Scalar Engines, Adaptable Engines, and Intelligent Engines to achieve dramatic performance improvements over today's fastest FPGA and accelerate applications in a wide variety of markets, including data center, wired network, 5G wireless, automotive, industrial, scientific, medical, aerospace and defense.

Development Boards, Kits, and Configuration Products: The company offers development kits for all its FPGA and Adaptive SoC products that include hardware, development tools, IP and reference designs that are designed to streamline and accelerate the development of domain-specific and market-specific applications. The company’s AMD Kria K24 SOM provides high determinism and low latency for powering electric drives and motor controllers used in compute-intensive digital signal processing (DSP) applications at the edge. Coupled with its KD240 Drives Starter Kit, an out-of-the-box-ready motor control-based development platform, the products offer a seamless path to production deployment with the K24 SOM.

Legacy Product Families: Prior generation high-end Virtex FPGA families include Virtex-6, Virtex-5, Virtex-4, Virtex-II Pro, Virtex-II and the original Virtex family. Prior generation low end Spartan FPGA families include Spartan-6, Spartan-3, the Spartan-3E and Spartan-3A, Spartan-IIE, Spartan-II, Spartan XL and the original Spartan family. Complex Programmable Logic Devices (CPLDs) operate on the lowest end of the programmable logic density spectrum. CPLDs are single-chip, nonvolatile solutions characterized by instant-on and universal interconnect. Prior generations of CPLDs include the CoolRunner and XC9500 product families.

Design Platforms and Services

Adaptable Platforms: The company offers two types of platforms that support its customers' designs and reduce their development efforts: FPGAs and Adaptive SoCs. FPGAs feature reconfigurable hardware, as well as integrated memory, digital signal processing, analog mixed signal, high-speed serial transceivers, and networking cores coupled with advanced software for a broad range of applications in all of the company’s end markets. The company’s Adaptive SoCs feature a heterogeneous processing subsystem with integrated programmable hardware fabric targeting embedded systems needing real-time control, analytics, sensor fusion, and adaptable hardware for differentiation and acceleration. The company’s Zynq UltraScale+ RFSoCs feature integrated high-performance RF data converters targeting wireless, radar, and cable access applications. Versal is the most recent addition to the silicon portfolio. Versal combines Scalar Processing Engines, Adaptable Hardware Engines, and Intelligent Engines with leading-edge memory and interfacing technologies to deliver powerful heterogeneous acceleration for any application. This product family is ideally suited to accelerate a broad set of applications in the emerging era of big data and AI. Versal hardware and software can be programmed and optimized by software developers, data scientists, and hardware developers alike, enabled by a host of tools, software, libraries, IP, middleware, and frameworks that enable industry-standard design flows.

Software Development Platform: To accommodate hardware and software designers, as well as software developers and AI scientists, the company provides design tools and software stacks tailored to each user profile. The company’s Vivado ML Edition provides hardware design teams with the tools and methodology needed to program FPGAs and Adaptive SoCs. The company’s Vitis unified software platform enables the development and deployment of embedded software and accelerated applications, on its FPGAs and Adaptive SoCs. The company’s Vitis AI unified software platform enables the development and deployment of AI software on its FPGAs and Adaptive SoCs.

Strategy

The company focuses on high-performance and adaptive computing technology, software and product leadership. The company’s strategy is to create and deliver the world’s leading high-performance and adaptive computing products across a diverse set of markets, including the data center, client, gaming and embedded. The company’s strategy focuses on five strategic pillars include extending leadership in foundational technology and IP; providing competitive software, tools and open-source enablement; re-using core technology across platforms to achieve economies of scale; building effective ecosystems with disciplined partnerships; and driving customer-centric go-to-market that leverages all of AMD’s capabilities.

Sales and Marketing

The company sells its products through its direct sales force and through independent distributors and sales representatives in both domestic and international markets.

The company’s product brand for the consumer graphics market is AMD Radeon graphics, and AMD Embedded Radeon graphics is its product brand for the embedded graphics market.

The company’s product brand for professional graphics products are AMD Radeon PRO graphics.

The company’s product brands for data center graphics are Radeon Instinct, Radeon PRO V-series, and AMD Instinct accelerators for servers. It also markets and sells its chipsets under AMD trademarks.

The company’s product brand for server microprocessors is AMD EPYC processors.

The company also sells low-power versions of its AMD Athlon, as well as AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series and G-Series processors as embedded processor solutions.

The company’s FPGA product brands are Virtex-6, Virtex-7, Virtex UltraScale+, Kintex-7, Kintex UltraScale, Kintex UltraScale+, Artix-7, Artix UltraScale+, Spartan-6 and Spartan-7.

The company’s product brands for Adaptive SoCs are Zynq-7000, Zynq UltraScale+ MPSoC, Zynq UltraScale+ RFSoCs, Versal HBM, Versal Premium, Versal Prime, Versal AI Core, Versal AI Edge, Vitis and Vivado.

The company’s product brand for System-on-Module (SOM) is Kria.

The company’s compute and network acceleration board products are sold under the Alveo and Pensando brands.

The company markets its products through direct marketing and co-marketing programs. In addition, the company has cooperative advertising and marketing programs with customers and third parties, including market development programs, pursuant to which it provides product information, training, marketing materials and funds. Under the company’s co-marketing development programs, eligible customers can use market development funds as reimbursement for advertisements and marketing programs related to its products and third-party systems integrating its products, subject to meeting defined criteria.

Customers

The company’s Data Center segment customers consist primarily of hyperscale data centers, original equipment manufacturers (OEMs), original design manufacturers (ODMs), system integrators and independent distributors in both domestic and international markets.

Customers of the company’s Client segment products consist primarily of PC OEMs, a network of independent distributors and, for chipset products, ODMs that manufacture motherboards. Its Gaming Segment customers include PC OEMs and independent distributors, as well as add-in-board manufacturers (AIBs), independent game console and portable gaming devices manufacturers and contract manufacturers for AMD branded graphics cards.

The company’s Embedded segment products are sold to customers in a very wide range of markets, such as Aerospace and Defense, Test and Measurement, Industrial, Automotive, Consumers, Broadcast, Communication Infrastructure and Data Center. For these products the company either sells directly to its customers or through a network of distributors and OEM partners. It is also developing a network of Value-Added Resellers (VARs) and Integrated Solution Vendors (ISVs) for the company’s Alveo products.

The company also works with its customers to create differentiated products that leverage its CPU, GPU, DPU and APU technology.

One customer accounted for 18% of the company’s consolidated net revenue for the year ended December 30, 2023.

Original Equipment Manufacturers

The company focuses on three types of OEM partners: multi-nationals, selected regional accounts and selected global and local system integrators, who target commercial and consumer end customers of all sizes. Large multi-nationals and regional accounts are the core of the company’s OEM partners’ business; however, it is increasingly focused on the VAR channel which resells OEM systems to the mid-market and the small and medium business (SMB) segments. Additionally, the company has increased its focus on global system integrators, which resell OEM systems, coupled with their software and services solutions into Enterprise, high performance computing (HPC) and Cloud Service Provider Customers. The company’s OEM customers include numerous foreign and domestic manufacturers of servers and workstations, desktops, notebooks, PC motherboards and game consoles.

Hyperscale Data Centers

Large multi-national public cloud service providers and hyperscale private data centers directly and indirectly purchase a substantial portion of the company’s data center-focused products, including server CPUs, GPU accelerators, DPUs, FPGAs and Adaptive SOCs. Hyperscale data centers use these products to operate web-based applications or to support public cloud computing and storage service offerings, including but not limited to AI workloads such as generative AI models.

Third-Party Distributors

The company’s authorized channel distributors resell to sub-distributors and OEMs, ODMs.

Add-in-Board (AIB) Manufacturers and System Integrators

The company offers component-level graphics and chipset products to AIB manufacturers who in turn build and sell board-level products using its technology to system integrators (SIs), retail buyers and sub distributors. The company also sells directly to its SI customers.

Competition

Data Center

The company competes against Intel Corporation (Intel) and NVIDIA Corporation (NVIDIA) with its CPU, GPU and DPU server products.

Client

The company’s primary competitor in the supply of CPUs and APUs is Intel.

Gaming

In the graphics market, the company’s principal competitor in the supply of discrete graphics is NVIDIA who is the market share leader. Intel also manufactures and sells embedded graphics processors and gaming-focused discrete GPUs.

Embedded

The company’s primary FPGA competitors, such as Intel, Lattice Semiconductor Corporation and Microsemi Corporation (Microsemi, acquired by Microchip), from ASSP vendors, such as Broadcom Corporation; Marvell Technology Group, Ltd.; Analog Devices; Texas Instruments Incorporated; NXP Semiconductors N.V.; and from NVIDIA.

Third-Party Wafer Foundry Facilities

The company has foundry arrangements with Taiwan Semiconductor Manufacturing Company Limited (TSMC) for the production of wafers for its HPC, FPGA and Adaptive SoC products. The company is a party to a Wafer Supply Agreement (WSA) with GLOBALFOUNDRIES Inc. (GF), with respect to wafer purchases for its HPC products at the 12 nm and 14 nm technology nodes. Additionally, the company purchases wafers from United Microelectronics Corporation (UMC) and Samsung Electronics Co., Ltd for the production of the company’s integrated circuits (IC) in the form of programmable logic devices.

Assembly, Test, Mark and Packaging Facilities (ATMP)

The company is party to two ATMP joint ventures (collectively, the ATMP JVs) with Tongfu Microelectronics Co., Ltd. The ATMP JVs, Siliconware Precision Industries Ltd. (SPIL) and King Yuan Electronics Company (KYEC) provide ATMP services for its products.

Seasonality

The company’s operating results tend to vary seasonally. Historically, its net revenue has been generally higher in the second half of the year (year ended December 2023) than in the first half of the year, although market conditions and product transitions could impact these trends.

Research and Development

For the year ended December 30, 2023, the company’s research and development expenses included $5.9 billion.

Intellectual Property

As of December 30, 2023, the company had approximately 7,500 patents in the United States and approximately 2,000 patent applications pending in the United States. In certain cases, the company has filed corresponding applications in foreign jurisdictions. Including the United States and foreign matters, it has approximately 18,500 patent matters worldwide consisting of approximately 12,800 issued patents and 5,600 patent applications pending.

AMD, the AMD Arrow logo, AMD CDNA, AMD Instinct, AMD RDNA, Alveo, Artix, Athlon, CoolRunner, EPYC, FidelityFX, FirePro, FreeSync, Geode, Infinity Fabric, Kinex, Pensando, Radeon, Radeon Instinct, ROCm, Ryzen, Spartan, Threadripper, UltraScale, UltraScale+, V-Cache, Versal, Virtex, Vitis, Vivado, Xilinx, Zynq and combinations thereof are trademarks of the company.

History

Advanced Micro Devices, Inc. was founded in 1969. The company was incorporated under the laws of Delaware in 1969.