XLNX - Advanced Micro Devices CEO Su says demand 'very strong' in 2022 highlights server strength

Advanced Micro Devices (NASDAQ:AMD) Chief Executive Dr. Lisa Su said the company should experience "very strong" demand for its products in 2022, led by strength in its server products after the company posted fourth-quarter results that beat expectations. "We've been working on the supply chain for the last four or five quarters, knowing the growth we have from a product standpoint," Su said on the call. "We've made significant investments in wafer capacity and substrate capacity and backend capacity. We feel very good about our ability to meet the guidance." "Our goal is to have enough supply to meet the demand out there," Su added. For the fourth-quarter, AMD said it generated $4.8 billion in revenue, earning 80 cents per share. A consensus of Wall Street analysts expected the company to generate $4.52 billion in revenue and earn 76 cents per share. Gross margin, a closely watched measure for semiconductor companies, was

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Advanced Micro Devices CEO Su says demand 'very strong' in 2022, highlights server strength