Supply Woes to Keep PC Growth ‘Flattish’ Into 2022: AMD CEO
End-user demand in the PC segment “appears to be strong,” said Advanced Micro Devices CEO Lisa Su on a Q3 earnings call Tuesday. “There's a good amount of refresh going on, whether you're talking about consumer, high-end consumer, or commercial…
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or gaming.” Supply constraints are expected to continue “into the first half of the year,” she said. “What we're using from a planning assumption standpoint is that the PC market may be flattish as we go from 2021 into 2022.” AMD brought on “a tremendous amount of additional supply” in the quarter, “and that's part of the reason that we overachieved the Q3 results,” said Su. Revenue in the quarter of $4.3 billion was 54% higher than a year earlier, beating the high end of the range in its July 27 forecast by $100 million. The PC market “is not necessarily constrained on CPUs, but more constrained on matched sets,” she said. “We're trying to ensure that we're not building inventory in the channel.”