Rich Stroffolino

AMD Isn't a PC Chip Company Anymore

AMD posted it’s Q2 earnings, with revenue down everywhere except it’s embedded unit. What’s remarkable though is because it’s PC chip business fell 54%, it’s now AMD’s smallest business unit by revenue.

AMD’s client group, which includes sales from PC processors, dropped a massive 54% year over year to $998 million because of a “weaker PC market,” it said. AMD noted that market conditions are improving.

It’s interesting to note that it’s gaming segment saw more modest declines and is now its biggest source of revenue. AMD is ramping up its AI-chip business, but that’s not reflected in the earnings this quarter. Instead a big part of that is chips for gaming consoles. Another sign of the rise of semi-custom silicon.