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AMD Vaults 10%: CEO Su Says Expect Another Semi-Custom Project in 2018

Following better-than-expected Q2 revenue and profit, and an upbeat forecast, AMD (AMD) management held a conference call with analysts, following which chief executive Lisa Su was kind enough to talk with me by phone.

AMD shares are now up $1.44, over 10%, at $15.55, in late trading, adding to earlier gains.

"I’m pretty happy,” Said Su, adding "there’s a lot to do, you’re never done.”

"We’ve gotten a lot of positive technology press coverage talking about our products, it’s been a strong first half of the year, we’re making progress in the business results and the financials, with revenue growth and our return to non-GAAP profitability."

“It’s our strategy playing out,” she said, “having a set of very strong products and watching them ramp across a number of quarters."

The company just within the last couple quarters started shipping its “Ryzen” processors for PCs, and is now bringing in first revenue for “Epyc,” its server chip, and its newer graphics processing units (GPU), “Vega.” It has more parts coming later this year, including “Threadripper,” a part for high-end computing, and an integrated CPU and GPU for mobile computing later this year.

I asked Su about the “semi-custom” business, where AMD supplies chips for Microsoft’s (MSFT) “Xbox,” and for Sony’s (SNE) PlayStation console. Su noted during the call that while AMD chips will be in the “Xbox One X” that comes out in November, nevertheless, semi-custom is expected to decline in Q4, after the big ramp up in Q3.

I asked if it’s too soon to talk about next...


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