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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Chipmaker aims to hit $40 billion revenue in three years; tie-up with Samsung will expand Microsoft’s cloud gaming footprint.
Editor's note: The world needs more computing power, and hence more and more chips. Advanced Micro Devices wants to ride the wave, not from the sidelines anymore, but with the aim of more than doubling its annual revenue to $40 billion in the next three years. For comparison, the chipmaker reported a revenue of $16.4 billion last year. At the company’s recent financial analyst day (the first in two years), AMD CEO Lisa Su unpacked the company’s new vision. Under her, AMD set off on a path of high-performance computing in 2020. The company’s data centre business has grown by a 95% CAGR since then and accounts for 25% of AMD’s overall revenue mix now. (Su still believes that AMD is underrepresented in the market. In the first quarter of 2022, the company had 11.6% of the market for data centre chips, according to a Mercury Research report.) AMD now powers the top 10 hyperscalers globally: AWS, Alibaba Cloud, Baidu, Meta, Google Cloud, IBM Cloud, Oracle, Microsoft Azure, Tencent Cloud and Twitter. But with the $35 billion acquisition of Xilinx last October, …
Venture capital funding is showing signs of a slowdown; the US opens access to advanced technologies for the UAE; and other updates.
India’s leading tech hardware distribution company is making the most of the unprecedented rise in global prices of laptops and other tech hardware. There’s just one problem.
The crown prince of Saudi Arabia returns to Washington DC with big promises, but may be walking away with more.
