Coronavirus Not Yet Hurting AMD, Executives Say
Advance Micro Devices expects 25% revenue growth in 2020, plus or minus 5 points, “despite expectations of weaker COVID-19-related consumer demand," said Chief Financial Officer Devinder Kumar on a Q1 call Tuesday. It's one of the few tech companies to…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
not suspend or withdraw guidance. CEO Lisa Su concedes “there’s a lot of questions about visibility.” AMD has “a lot of positives in terms of market drivers” that give the company “good visibility,” she said. “There’s lots of anticipation around the consoles” launching in time for holiday, she said of the PlayStation 5 and Xbox Series X. “There’s no change in our view, as it relates to COVID-19.”