Today at its Financial Analyst Day, AMD (NASDAQ: AMD) detailed
plans for its next phase of growth driven by multi-generational
high-performance CPU and GPU roadmaps and aggressive technology
investments designed to deliver leadership products and disruptive
solutions.
“Our multi-generational computing and graphics roadmaps are
designed to significantly accelerate revenue growth and deliver
strong shareholder returns,” said Dr. Lisa Su, AMD president and
CEO. “We are focused on relentlessly executing our leadership IP
roadmaps and aggressively introducing advanced technologies to
drive sustained market share gains across the large and growing
high-performance PC, gaming and data center markets.”
Technology Updates Having shipped more than 260
million “Zen” x86 cores in our AMD Ryzen™ and AMD EPYC™ processors,
AMD shared plans to build on this success with next-generation CPU
core, packaging and interconnect innovations:
- AMD plans to introduce the first processors based on its
next-generation “Zen 3” core in late 2020. The “Zen 4” core is
currently in design and is targeted to use advanced 5nm process
technology.
- AMD unveiled plans to expand its chiplet and die stacking
leadership, including new “X3D” packaging that combines chiplets
and hybrid 2.5D and 3D die stacking to deliver more than a 10x
increase in bandwidth density.
- AMD announced its upcoming 3rd Generation AMD Infinity
Architecture with optimized CPU and GPU memory coherency that can
enable significant performance improvements and simplify the
software programming required for accelerated computing solutions
by allowing the CPU and GPU to seamlessly and coherently share the
same memory.
- AMD is building on its strong product security portfolio with
expanded features. AMD announced it joined the Confidential
Computing Consortium, a group of leading hardware and software
companies working to close gaps to protect data through its entire
lifecycle.
To address the growing number and diversity of GPU workloads,
AMD announced a multi-generational roadmap to deliver two optimized
graphics architectures for gaming and data center compute
markets:
- The AMD Radeon™ DNA (AMD RDNA) architecture was designed for
gaming and is currently powering the award-winning AMD Radeon™ RX
5000 series GPUs. The next-generation AMD RDNA 2 architecture is
planned to deliver a 50% performance-per-watt improvement over the
first-generation AMD RDNA architecture. It will support
hardware-accelerated ray tracing, variable rate shading (VRS) and
other advanced features. The first AMD RDNA 2-based products are
expected to launch in late 2020.
- AMD unveiled its new AMD Compute DNA (AMD CDNA) architecture,
designed to accelerate data center compute workloads. The
first-generation AMD CDNA architecture, planned to launch later
this year, includes 2nd Generation AMD Infinity Architecture to
enhance GPU to GPU connectivity and is optimized for machine
learning and high-performance computing applications. The follow-up
AMD CDNA 2 architecture will support 3rd Generation AMD Infinity
Architecture to enable next generation exascale-class
supercomputers.
- Expanding on previous generations of the ROCm open source
software platform for the data center, AMD plans to introduce ROCm
4.0 later this year as a complete software solution for
high-performance computing exascale systems and machine learning
workloads.
Data Center Market Updates
Since 2017, AMD has delivered significant innovation to the data
center market. AMD outlined an aggressive roadmap of leadership
products, building on the execution of its first and second
generation AMD EPYC server processors, and detailed its plans to
drive continuous innovation across a wide range of growing markets
within the data center:
- AMD is powering the future of exascale computing with its CPU,
GPU, interconnects and software products, including the recently
announced El Capitan supercomputer at Lawrence Livermore National
Laboratory. Expected to come online in 2023, El Capitan is expected
to deliver more than 2 exaFLOPs of double-precision performance,
making it more powerful than today’s 200 fastest supercomputers
combined.
- AMD is continuing to gain traction with its 2nd Generation AMD
EPYC™ processors in enterprise, cloud and HPC markets based on
delivering performance leadership and TCO advantages across the
most important enterprise and cloud workloads. In 2020 we expect
more than 150 AMD EPYC processor-powered cloud instances and 140
server platforms to be available.
- AMD is unlocking accelerated computing with new technologies
including AMD CDNA architecture, 3rd Generation Infinity
Architecture and the ROCm 4.0 software platform, all of which will
support the AMD-powered Frontier and El Capitan
supercomputers.
Computing and Graphics Market Updates
AMD is well positioned to drive sustained growth in the PC and
gaming markets with its leadership AMD Ryzen™ processors, AMD
Radeon™ graphics and semi-custom products. Since 2017, AMD has
nearly doubled both client unit shipments and market share, built
off a broad portfolio of performance-leading desktop, high-end
desktop (HEDT) and notebook processors. In the gaming segment, AMD
partners with world-class brands to bring AMD Radeon graphics to
more than 500 million gamers on the most popular devices, with the
opportunity to address 2.5 billion gamers worldwide. With Microsoft
and Sony, AMD has established long-term relationships to continue
market leadership as the number one silicon provider for game
consoles.
In 2020 and beyond, AMD sees significant opportunities to drive
continued growth across its computing and graphics portfolio:
- AMD expects to grow its performance leadership with the ramp of
its 7nm “Zen 2”-based 3rd Generation AMD Ryzen™ processors designed
specifically for desktops and notebooks across the consumer and
commercial segments. Built to optimize the user experience in these
markets, the newest AMD Ryzen processors deliver outstanding
performance, responsiveness, battery-life and security features for
the most demanding workloads. AMD is on track to bring increased
performance to the gaming, content creation and productivity
markets when it delivers the first “Zen 3”-based AMD Ryzen™ product
in 2020.
- AMD plans to deliver a full stack of high-performance, AMD RDNA
architecture-powered graphics products to further expand the AMD
Radeon install base. Extending the outstanding performance of the
Radeon RX 5000 series, AMD RDNA 2-based “Navi 2X” GPUs will bring
uncompromised 4K gaming, new features including hardware-based ray
tracing support and a significant performance uplift.
Statement on COVID-19 As the outbreak of
COVID-19 continues to evolve, the health and wellbeing of AMD
employees, customers, partners and the members of the communities
in which we operate are of the utmost importance. AMD greatly
appreciates the commitment of the individuals and organizations
working tirelessly to address this public health situation
globally.
At its 2020 Financial Analyst Day, AMD reiterated its first
quarter 2020 financial guidance. AMD expects the impact from
COVID-19 in the first quarter to be modest, potentially resulting
in revenue coming in at the lower end of the guidance of
approximately $1.8 billion, plus or minus $50 million. Full year
2020 financial guidance remains unchanged.
Supporting Resources
- Watch the replay of the event and view executive presentations
here
- Follow AMD News on Twitter to stay up to date
About AMDFor more than 50 years AMD has driven
innovation in high-performance computing, graphics and
visualization technologies ― the building blocks for gaming,
immersive platforms and the data center. Hundreds of millions of
consumers, leading Fortune 500 businesses and cutting-edge
scientific research facilities around the world rely on AMD
technology daily to improve how they live, work and play. AMD
employees around the world are focused on building great products
that push the boundaries of what is possible. For more information
about how AMD is enabling today and inspiring tomorrow, visit the
AMD
(NASDAQ:AMD) website, blog, Facebook and Twitter pages.
Cautionary Statement This press release
contains forward-looking statements concerning Advanced Micro
Devices, Inc. (AMD) such as AMD’s expected impact of COVID-19 on
AMD’s first quarter of 2020 and fiscal 2020 financial outlook; the
data center, PC and gaming total addressable markets; AMD’s
expectations regarding future revenue growth and shareholder
returns; AMD’s ability to execute its leadership IP roadmaps and
introduce advanced technologies to drive sustained market share
gains across high-performance PC, gaming and data center markets;
the features, functionality, benefits, expectations, availability,
timing of AMD future products including, AMD’s “Zen 3” and “Zen 4”
architecture cores,”X3D” packaging, 3rd Generation Infinity
Architecture, next generation AMD RDNA 2 architecture, AMD Compute
DNA architecture, ROCm 4.0 open source software platform, “Zen 3”
-based Ryzen™ processor and RDNA 2-based “Navi 2X” GPU; and the
features, functionality, expectations, availability and timing of
El Capitan exascale system; the expected number of AMD EPYC™
processor-powered cloud instances and server platforms; the ability
to ramp “Zen 2” -based 3rd Gen Ryzen processors, which are made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
commonly identified by words such as "would," "may," "expects,"
"believes," "plans," "intends," "projects" and other terms with
similar meaning. Investors are cautioned that the forward-looking
statements in this press release are based on current beliefs,
assumptions and expectations, speak only as of the date of this
presentation and involve risks and uncertainties that could cause
actual results to differ materially from current expectations. Such
statements are subject to certain known and unknown risks and
uncertainties, many of which are difficult to predict and generally
beyond AMD's control, that could cause actual results and other
future events to differ materially from those expressed in, or
implied or projected by, the forward-looking information and
statements. Material factors that could cause actual results to
differ materially from current expectations include, without
limitation, the following: Intel Corporation’s dominance of the
microprocessor market and its aggressive business practices; the
ability of third party manufacturers to manufacture AMD's products
on a timely basis in sufficient quantities and using competitive
technologies; expected manufacturing yields for AMD’s products;
AMD's ability to introduce products on a timely basis with features
and performance levels that provide value to its customers while
supporting and coinciding with significant industry transitions;
AMD's ability to generate sufficient revenue and operating cash
flow or obtain external financing for research and development or
other strategic investments; the loss of a significant customer;
AMD's ability to generate revenue from its semi-custom SoC
products; global economic uncertainty; political, legal and
economic risks, natural disasters, and public health risks,
including the impact of COVID-19; government actions and
regulations such as export administration regulations, tariffs and
trade protection measures may limit our ability export our products
to certain customers; potential security vulnerabilities; potential
IT outages, data loss, data breaches and cyber-attacks; the ability
of a third party manufacturer to satisfy AMD’s manufacturing
requirements; uncertainties involving the ordering and shipment of
AMD’s products; quarterly and seasonal sales patterns; the
restrictions imposed by agreements governing AMD’s notes and the
secured credit facility; the competitive markets in which AMD’s
products are sold; the potential dilutive effect if the 2.125%
Convertible Senior Notes due 2026 are converted; the market
conditions of the industries in which AMD products are sold; AMD’s
reliance on third-party intellectual property to design and
introduce new products in a timely manner; AMD's reliance on
third-party companies for the design, manufacture and supply of
motherboards, software and other computer platform components;
AMD's reliance on Microsoft Corporation and other software vendors'
support to design and develop software to run on AMD’s products;
AMD’s reliance on third-party distributors and add-in-board
partners; future impairments of goodwill and technology license
purchases; AMD’s ability to attract and retain qualified personnel;
AMD's indebtedness; AMD's ability to generate sufficient cash to
service its debt obligations or meet its working capital
requirements; AMD's ability to repurchase its outstanding debt in
the event of a change of control; the cyclical nature of the
semiconductor industry; the impact of acquisitions, joint ventures
and/or investments on AMD's business; the impact of modification or
interruption of AMD’s internal business processes and information
systems; the availability of essential equipment, materials or
manufacturing processes; compatibility of AMD’s products with some
or all industry-standard software and hardware; costs related to
defective products; the efficiency of AMD's supply chain; AMD's
ability to rely on third party supply-chain logistics functions;
AMD’s stock price volatility; worldwide political conditions;
unfavorable currency exchange rate fluctuations; AMD’s ability to
effectively control the sales of its products on the gray market;
AMD's ability to adequately protect its technology or other
intellectual property; current and future claims and litigation;
potential tax liabilities; and environmental laws, conflict
minerals-related provisions and other laws or regulations.
Investors are urged to review in detail the risks and uncertainties
in AMD's Securities and Exchange Commission filings, including but
not limited to AMD's Annual Report on Form 10-K for the year ended
December 28, 2019.
AMD, the AMD Arrow logo, EPYC, Radeon, Ryzen and
combinations thereof, are trademarks of Advanced Micro Devices,
Inc. Other names are for informational purposes only and may be
trademarks of their respective owners.
“Zen,” “Zen 3” and “Zen 4” are codenames for AMD
architectures and are not product names.
_______________1 $79B TAM based on AMD internal estimates, March
2020.
Contact:Sarah
YoungbauerAMD Communications(512)
602-3028Sarah.Youngbauer@amd.com
Laura GravesAMD Investor
Relations(408) 749-5467Laura.Graves@amd.com
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