AMD posts strong revenue growth, projects robust sales of its AI chips ...Middle East

San Francisco: Chip-maker AMD has posted $6.2 billion in revenue for the fourth quarter of 2023 and net income of $667 million, projecting robust sales for its AI processors. For the full year 2023, the company reported revenue of $22.7 billion and the net income of $854 million. “We finished 2023 strong, with sequential and year-over-year revenue and earnings growth driven by record quarterly AMD Instinct GPU and EPYC CPU sales and higher AMD Ryzen processor sales,” said AMD Chair and CEO, Dr. Lisa Su. Demand for high-performance data centre product portfolio continues to accelerate, “positioning us well to deliver strong annual growth in what is an incredibly exciting time as AI re-shapes

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