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AMD CEO Lisa Su said chip shortages will persist for the rest of the year, but the company was able to improve supply enough to beat revenue expectations in the second quarter, where the company nearly doubled its sales from the same period last year a near repeat of the first quarter. “We are making progress each quarter [on supply], and we made progress in the second quarter. That enabled us to exceed the original guidance,” she said during AMD’s quarterly earnings call Tuesday. “And as we go into the second half of the year, we’re continuing to bring on extra supply each quarter,” which contributed to the company raising its guidance for full-year revenue growth by 10 points. ....
AMD’s Lisa Su: Improving Supply Giving ‘Confidence’ About Growth Chip shortages will persist for the rest of the year, according to AMD CEO Lisa Su, but the company was able to improve supply enough to beat revenue expectations in the second quarter, where the company nearly doubled its sales from the same period last year. AMD now believes it ‘can continue to grow substantially as we go into the second half of this year and into 2022 with the supply chain,’ Su said on the company’s latest earnings call. By Dylan Martin July 27, 2021, 07:11 PM EDT AMD CEO Lisa Su said chip shortages will persist for the rest of the year, but the company was able to improve supply enough to beat revenue expectations in the second quarter, where the company nearly doubled its sales from the same period last year a near repeat of the first quarter. ....
Intel Expects CPU Shortage To Worsen In Q3 As PC Sales Grow Intel CEO Pat Gelsinger says he expects shortages to ‘bottom out’ in the second half of 2021, but it will take another one to two years ‘before the industry is able to completely catch up with demand.’ Intel has decided to absorb some of the inflated costs that have been spurred by component shortages, which Gelsinger says is important for rebuilding trust with partners. By Dylan Martin July 22, 2021, 07:22 PM EDT Intel is warning that the CPU shortage for PCs will worsen in the third quarter as the company continued to see steady sales growth in the segment. The good news is that the semiconductor giant said it’s not passing on some of the increased costs caused by supply constraints to partners and customers. ....
Intel shareholders reject executive pay plan crn.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com.au Daily Mail and Mail on Sunday newspapers.
Intel shareholders rejected the company's 2020 executive compensation plan a nonbinding decision that nevertheless sent a message of disapproval regarding the chipmaker’s pay practices ....