Advanced Micro Devices, Inc. (NASDAQ:AMD) Q4 2023 Earnings Call Transcript

Lisa Su: Yeah, I thought I had answered it, but yes, I’ll answer it again. It is accelerator chips. It is not systems. So, think of it as GPUs, ASICs that will be there. Those types of things, but it includes, obviously, it includes memory and other things that are packaged together with the GPUs.

Jean Hu: Yeah, memory will be quite significant, right? So, memory is a big portion of the two.

Operator: And the final question comes from the line of Chris Danely with Citi. Please proceed with your question.

Christopher Danely: Hey, thanks for squeezing me and team. I guess, question for Lisa as MI300 revenue ramps how do you see the customer concentration, let’s say a year or two from now? Do you think you’ll have one or two customers that are in double-digits or one or two that are half the revenue or do you think it will be totally fragmented?

Lisa Su: I don’t think it will be one or two that are half the revenue, Chris. I think we are building this as a — really, we’re happy to see sort of the broad adoption as always with sort of the large cloud partners. We might see sort of one or two that are higher than others, but I don’t think you see the type of concentration that you mentioned.

Christopher Danely: Great. And then just a follow-up on somebody else’s question on sort of Intel’s roadmap versus TSMC. So, I’m sure you’re intimately familiar with TSMC’s manufacturing roadmap and we’ve all seen the Intel open up the kimono on what they expect to happen over the next couple of years. I mean, do you think Intel is going to close the gap somewhat with what you’ve found here over the next couple of years? Do you think they’ll be able to maintain the lead?

Lisa Su: Look, I feel very good about our partnership with TSMC, they continue to execute extremely well. We’ll see what happens over the next few years. But I’d like to kind of reemphasize what I said earlier, even in the case of process parity, we feel very good about our architectural roadmap and all the other things that we add, as we look at our entire portfolio of CPUs, GPUs, DPUs, adaptive SoCs and kind of put them together to solve problems. I think we feel really good about what we can do with our customers. So, we’re always going to be paying attention to sort of the process race, but I think we feel very good about sort of our strategy and how do we continue to sort of push the envelope on the computing roadmaps.

Operator: And that is the end of the question-and-answer session. I would like to turn the floor back over to the AMD team for any closing comments.

Mitch Haws: Great, John. That concludes today’s call. Thank you to everyone for joining us today.

Operator: And this concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.