AMD believes there is still significant room for revenue growth from 2022 to 2023

In the past few years, AMD’s revenue has been growing steadily. In 2020, AMD’s revenue reached a record of $9.763 billion, and this year is expected to reach $15.5 billion. Due to the supply chain shortages that have prevailed in the semiconductor industry in the past period of time, it is not easy to think of achieving such results. According to SeekingAlpha, AMD’s Chief Financial Officer Devinder Kumar said at the Deutsche Bank Technology Conference in 2021 that AMD still has significant room for growth from 2022 to 2023.

So far this year, AMD’s sales have been very strong, with revenues of $7.295 billion in the first two quarters, and it is expected to achieve the goal of 60% year-on-year growth in 2021. Devinder Kumar believes that AMD can still maintain this growth momentum from 2022 to 2023, and is currently in close contact with demand-side customers, foundry partners, substrate suppliers, and ATMP (assembly, testing, marking, and packaging).

In order to achieve this year’s financial goals, AMD will prioritize production capacity to high-profit models, which means that it may give up part of the market share. In fact, AMD’s share and revenue in the server market and mobile market have increased, but the desktop market’s share declined in the second quarter of 2021, while the GPU market share fell to a multi-year low.

AMD’s GPU supply has recently been questioned. Through multi-party data comparisons, some users believe that AMD has sold limited GPUs to mines rather than players, in order to boost their income. Devinder Kumar denied the allegations, stating that cryptocurrency is not AMD’s priority, but more for players. He believes that the increase in revenue is because the Radeon RX 6000 series is very competitive.