AMD came back from heavy losses in 2012-2016 by spinning off its factories in 2009, making Lisa Su CEO in 2014 and betting on its Zen CPU design, launched as R…
Leading-edge factories cost billions per generation. GlobalFoundries took the plants and about $1.2 billion of AMD debt.
AMD lost $1.18 billion in 2012, sold and leased back its Austin campus, and leaned on PS4 and Xbox One chip deals.
Lisa Su, an MIT-trained engineer who joined in 2012, became CEO and focused AMD on high-performance computing.
No. It never filed or defaulted, but revenue fell 28% and losses ran five years. AMD bet everything on Zen.
Yes: about 52% more instructions per clock against a promised 40%. AMD made its first annual profit since 2011.
AMD moved its leading chips to TSMC just as Intel's 10nm slipped, gaining a manufacturing lead for the first time.
Small TSMC core dies around a cheaper I/O die. One design served desktops and servers at lower cost.
FPGAs and adaptive chips for cars, factories and telecoms, plus engineers for AI engines. Pensando added networking.
Yes. Instinct began in 2016, and EPYC plus MI250X powered Frontier, the first exaflop machine.
MI300X had 192 GB of memory, more than the H100. Instinct sales passed $5 billion in 2024.
6 GW of Instinct GPUs from H2 2026, with a warrant for up to 160 million AMD shares. 2025 revenue hit $34.6B.
Meta signed for 6 GW of custom MI450 chips; Anthropic added up to 2 GW in July, with AMD investing up to $5B.
AMD's rack-scale AI system with 18 EPYC Venice CPUs and about 31 TB of HBM4, shipping from late Q3 2026.
No. Nvidia still leads, but AMD's $6.7B data-centre quarter and $1 trillion value make it the main challenger.
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