Groups Similar Look up By Text Browse About



Similar articles
Article Id Title Prob Score Similar Compare
206500 VENTUREBEAT 2021-4-28:
AMD bets on strong demand for chips as revenue soars 93%
1.000 Find similar Compare side-by-side
206546 ZDNET 2021-4-27:
AMD stock jumps as Q1 results crush expectations, forecast goes much higher
0.670 0.685 Find similar Compare side-by-side
206658 ZDNET 2021-4-28:
SK Hynix to increase spending on fab equipment in light of chip shortage
0.062 0.568 Find similar Compare side-by-side
206553 ZDNET 2021-4-27:
Juniper Q1 and outlook top expectations even as global chip shortage weighs
0.096 0.545 Find similar Compare side-by-side
206699 ARSTECHNICA 2021-4-28:
Chipmaker says it will ramp up production of older 28nm chips
0.164 0.545 Find similar Compare side-by-side
206618 ZDNET 2021-4-26:
Cisco boss expects global chip shortage to continue another six months
0.014 0.497 Find similar Compare side-by-side
206740 TECHREPUBLIC 2021-4-29:
The semiconductor shortage isn't going to end soon, says Forrester research director
0.008 0.473 Find similar Compare side-by-side
206497 VENTUREBEAT 2021-4-27:
Microsoft beats Q3 revenue expectations, spurred by strong cloud sales
0.442 Find similar Compare side-by-side
206633 ZDNET 2021-4-26:
NXP Semiconductors delivers Q1 revenue in line with expectations
0.434 Find similar Compare side-by-side
206819 ZDNET 2021-4-28:
Qualcomm stock surges as fiscal Q2 results top expectations, outlook is even stronger
0.426 Find similar Compare side-by-side
206533 ZDNET 2021-4-27:
FireEye Q1 revenue, EPS top expectations, forecast higher, shares rise
0.425 Find similar Compare side-by-side
206455 VENTUREBEAT 2021-4-27:
Arm’s Neoverse server chips generate at least 40% better performance
0.411 Find similar Compare side-by-side
207031 VENTUREBEAT 2021-4-30:
Intel CEO seeks $10B subsidy to build a chip factory in Europe
0.405 Find similar Compare side-by-side
206835 ZDNET 2021-4-29:
LG's Q1 earnings surge on back of strong home electronics sales
0.395 Find similar Compare side-by-side
207017 VENTUREBEAT 2021-4-30:
How the global chip shortage could impact your business
0.395 Find similar Compare side-by-side
206820 ZDNET 2021-4-28:
eBay Q1 2021: Revenues top $3 billion as buyer and seller pools expand
0.383 Find similar Compare side-by-side
206827 ZDNET 2021-4-29:
Samsung's Q1 earnings buoyed by smartphones and consumer electronics
0.379 Find similar Compare side-by-side
206822 ZDNET 2021-4-28:
Apple's Q2 crushes estimates as iPhone, Mac, iPad sales surge; Apple now has 660 million subscriptions
0.376 Find similar Compare side-by-side
206838 ZDNET 2021-4-29:
Huawei first quarter sales down 16.5% thanks to Honor sale
0.364 Find similar Compare side-by-side
206677 VENTUREBEAT 2021-4-30:
Amazon posts record profits as AWS hits $54B annual run rate
0.357 Find similar Compare side-by-side
206715 ARSTECHNICA 2021-4-28:
Facing uncharted waters, Apple reports 54% year-over-year revenue increase
0.355 Find similar Compare side-by-side
206813 ZDNET 2021-4-29:
Citrix misses Q1 earnings targets amid supply chain challenges, business model shift
0.351 Find similar Compare side-by-side
206818 ZDNET 2021-4-28:
ServiceNow's Q1 strong as company's workflow automation tools gain traction
0.337 Find similar Compare side-by-side
206366 ZDNET 2021-4-27:
We are still buying record numbers of PCs, and it doesn't seem we will stop any time soon
0.336 Find similar Compare side-by-side
206652 ZDNET 2021-4-27:
Microsoft says Windows 10 now on 1.3 billion monthly active devices
0.335 Find similar Compare side-by-side

1

ID: 206500

URL: https://venturebeat.com/2021/04/28/amd-bets-on-strong-demand-for-chips-as-revenue-soars-93/

Date: 2021-04-28

AMD bets on strong demand for chips as revenue soars 93%

Join Transform 2021 this July 12-16. Register for the AI event of the year. ( Reuters) — Advanced Micro Devices (AMD) raised its annual revenue forecast on Tuesday, betting on strong demand for its chips used in data centers and personal computers as its chief executive said she was confident the company could source the chips despite a global supply shortage. The chip designers shares rose about 4% in extended trading after it also reported better-than-expected results for the first quarter. CEO Lisa Su said AMD has good visibility into being able to secure additional chips from its manufacturing partners. The entire semiconductor supply chain is very, very tight, she told analysts on a conference call. That being said, weve been working very closely with our supply chain partners. We have seen improvements that have led to the improved full year guide. AMD has been prying away central processor chip market share from Intel, whose manufacturing operations have fallen behind contract factories used by AMD, such as Taiwan Semiconductor Manufacturing Co. It has also benefited from a surge in demand for its graphics chips from gamers who have spent more time playing and upgrading their equipment during the COVID-19 pandemic. The company said it now expected 2021 revenue to rise 50% from a year earlier, implying a figure of $14.64 billion, compared with its previous forecast of a 39% jump. Revenue in the first quarter soared 93% to $3.45 billion, beating a Refinitiv IBES estimate of $3.21 billion, thanks in part to higher average selling prices for its chips. We feel very good about our progress, particularly in notebooks, Su said. Were seeing traction in the premium ultrathin, gaming and commercial notebook markets. Sales in AMDs computing and graphics business, which includes graphics and central processor chips for personal computers, rose 46% to $2.10 billion. Its enterprise, embedded and semi-custom segment, the unit that houses data center chips, posted an almost four-fold jump in sales to $1.35 billion. Excluding items, the company earned 52 cents per share, exceeding expectations of 44 cents per share.