AMD CEO downplays PC memory crunch, saying 'our focus areas are enterprise' — company wants to focus on growing 'higher-end of the market'
Summary
AMD's CEO expresses confidence in the company's strategy, indicating a shift in focus towards enterprise solutions despite current memory price fluctuations. This approach highlights AMD's commitment to innovation and growth in the competitive tech landscape.
Key Insights
What does AMD mean by focusing on 'enterprise' instead of the PC memory crunch?
AMD is prioritizing enterprise solutions like data centers and AI infrastructure over consumer PC markets affected by memory price fluctuations, as these offer higher growth potential with targets exceeding 60% revenue CAGR for data center business.
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What is the 'higher-end of the market' AMD aims to grow in?
The higher-end includes data center, AI accelerators, and embedded systems for enterprise use, where AMD plans leadership with over 35% company-wide revenue CAGR and features like enterprise-grade security in EPYC and Ryzen PRO processors.