AMD CEO thinks chip shortages in PCs will last until mid-2021

AMD CEO Lisa Su suggested that chip shortages for the PC and gaming markets are likely to continue through the end of the first half of this year, as part of the latest quarterly earnings release.

In a conversation with investors and analysts published on AlphaStreet, for example, Lisa Su said overall demand was higher than AMD had planned for. As a result, there were delivery issues towards the end of last year. According to the CEO, this mainly concerns the PC market, specifically the low-end PC market and gaming markets.

The latter may include graphics cards, but it is not clear whether Su also means consoles. “The industry needs to increase capacity. We see some tightness during the first half of this year, but there is more capacity available in the second half,” said Su.

AMD recently presented its most recent quarterly figures. The company posted sales of $9.7 billion for the whole of 2020, a record for the company. That is an increase of 45 percent compared to the turnover in 2019. In addition, the profit amounted to 2.49 billion dollars, an increase of 630 percent compared to 2019. That high profit figure was partly caused by a one-off tax windfall. of $1.3 billion. Revenue from AMD’s Enterprise, Embedded and Semi-Custom division, which includes sales of PlayStation and Xbox consoles, grew 176 percent in the quarter.