AMD is to lay off  1000 people representing 4% of its 26,000 worldwide employees as it focusses on its biggest market – AI ICs.

AMD’s  Q3  saw revenue up 18% y-o-y at $6.8 billion and profit up 158% y-o-y at $771 million. Q3 R&D expenses were up 9% and total cost of sales was up 11%.

AMD-Ryzen7000-embedded-150x150.jpegWhile its Q3 , AMD’s  data-centres sales doubled  games chips fell about 69% and PC chips were up 29%.

Datacentre sales are expected to clock a 100% rise this year and this is where AMD is investing most heavily. Its latest accelerator chip –  MI325X – is due to begin volume production in the current quarter.

 

AMD is Nvidia’s closest  rival in the GPU market where it has 12% market share after Nvidia’s 88%, according to  John Peddie Research