AMD chief executive discusses the how the chip manufacturer is embracing the cloud
December 2, 2013
Grazed from The Washington Post. Author: Mohana Ravindranath.
Since its founding in 1969, chip manufacturer Advanced Micro Devices, has produced the chips powering machines from IBM’s PCs in the 1980’s to Microsoft’s recently released Xbox One. Today AMD is eager to branch out into cloud services, as business begins to expand beyond desktop computing. In October, Verizon selected AMD’s microprocessor to power some of its Internet-based cloud computing and cloud storage offerings.
In a conversation with The Washington Post, AMD chief executive Rory Read discussed how cloud computing creates opportunities for the company in both consumer and government markets. When data was stored on local servers, AMD was focused on how to process and display it on one particular device, Read said. “Now with the cloud, you have to be able to set all of that graphics and display [on any device].”…
He added that traditional PC chips used to constitute the majority of AMD’s revenue, but that within two years, he expects about 50 percent of revenue to come from high growth segments involving the cloud. AMD reported 2012 revenue of $5.42 billion and $1.46 billion for the quarter ending Sep. 28…
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