Name: AMD CEO Lisa Su on 2020 Outlook: 'The Best Is Yet To Come'
Uploaded: 2019-10-29
Duration: 6 min 49 s
Description: AMD is on a roll with its high tech chips powering PCs, data centers and gaming consoles and the stock surging 80 percent in 2019.

[ MUSIC ] Lisa, this is a milestone year for AMD. It's the 50th anniversary since the company's founding and it's the fifth anniversary since You became CEO. So you've said the best is yet to come. Tell us what you're picturing. So we're all about defining the future and defining the future for us is defining the future of high perfomance computing. And the truth is data is becoming such a large part of everyone of our lives. And so to be sort of the power underneath or behind that is, What we do and I'm very excited to build, bring new technologies out so we can solve some of the world's toughest problems .>> Well when you did this turn around at AMD, when you came in five years ago, you made it big bets on new products whether it was for PCs or game consoles or in the data. Area. What are the big bets that you're making now? You know you can't predict the future, but you try to see into the future. And it is you know, what is the right manufacturing technology, what is the right computer architecture, what is the right frankly set of customers and markets to be in. So the bets that we're making are on new technologies that will allow you, To really solve more data centric problems and be able to analyze your data, do what you want with your data and really make decisions on that data. We also hear so much about the connected car, the connected homes, things like that that are gonna have huge, Growth opportunities. Where does AMD figure into that whole trend, All of that if you really think about it, whether you're talking about a connected car or connected home or your office or your data center, they all require high performance computing underneath. So the micro processors, let's call it the brains Underneath all of that, and that's the technology that that we are investing in, and the technology that we believe will drive some of these future events. And what about the customers when you did the turnaround at AMD, you want over customers like Microsoft and Oracle and Google and Amazon companies like that. Are you gonna be having a different breed of customers? They tell us what they need five years down the road and we make sure that our roadmaps are aligned to these marquee brands and where they see the market going. Let's talk a little bit about your current product line because we're well into the last quarter of the year. How are sales shaping up? For your processors that power up PCs and cloud service providers. We're gaining share and market share in our world is very, very important and very much a focus for us. We're seeing much more adoption across both consumer and commercial channels. So yeah, we're very excited about not just what we've done in 2019 But looking forward into 2020 and beyond. The idea of having our technology in more and more places is is really exciting. What about sales for game consoles which also are All those ex boxes and PlayStations are all powered by AMD and they end up being very popular gift items in the holiday season how would you expecting there I think 2020 is going to be a big year for consoles gaming is a great growth market it's one of those places where people are willing to spend that. Extra dollar for entertainment. What you see is that there's a lot of demand for gaming. So consoles, this year we're sort of waiting for the next generation consoles. But I think as you look forward, [ INAUDIBLE ] We believe gaming, whether you're talking about any of these form factors is a great market and one that we have great products for. So great things going on for AMD, but you're working in an economy that many people now are forecasting could have a serious downturn, maybe a recession. From your perspective how do things look? You know, obviously we're all focused on what's going to happen in the global sort of macro- trends. But we're also in a very unique place. Our sort of market size, the market that we're addressing is over 75 billion dollars and, We have huge opportunities to grow. So, yes, there may be some turbulence in the market and of course we have to manage those things. But we look at it and say, over the next three to five years, there's a great market out there. They need high performance computing. And it is exactly in our warehouse. So are you still hiring? Do you have hiring plans for 2020? We are absolutely still hiring. We are really looking to build out our skill sets, particularly our engineering skill sets and we've continued to grow over the last years. Tell us about China. I know you do a lot of business in China. How is this whole trade standoff impacting AMD ?>> China is a very important market for us. I think we are watching very carefully. What's the developments overall in China. We continue to believe that China will be an important market. There will be some changes in how we address the market. And we just have to be very cognizant of the developments as they happen. You've been doing business in China for 25 years you have employee AMD employees working there. You have operations in there. The longer this trade uncertainty drags on, does that help or hurt what you're doing? We would certainly like to see the trade, discussions come to a conclusion. I mean, that's good for all of us. That being the case though, I think we are managing well. Through, you know, through this period of time, and we've have on the manufacturing side we have a number of options both within China and outside of China so that gives us a lot of flexibility. And then on the technology side, you know, what I tell my employees is look control the things that we can control. Our job is to put out great products. So Elisa, 2019 has been a very strong year for AMD whether you're talking about sales and earnings, your stock is up something like 80 % for the year. Looking ahead to 2020, what are we gonna be saying about AMD Next year at this time. Well, what I'd like to always say is that the best is yet to come, and I truelly believe that Suzie. Our goal is to really push the envelope and my belief is, if we continue to push the envelope on technology, we will be very strongly patnered with our customers and we have numerous opportunities to grow. And don't do fantastic technology at the same time. [ BLANK_AUDIO ]

AMD CEO Lisa Su on 2020 Outlook: "The Best Is Yet To Come"

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AMD is on a roll with its high tech chips powering PCs, data centers and gaming consoles and the stock surging 80 percent in 2019.