| | | Advanced Micro Devices, Inc. (NASDAQ: AMD) Credit Suisse 24th Annual Technology Virtual Conference November 30, 2020 11:00 AM ET
Company Participants
Lisa Su - President and CEO
Conference Call Participants
John Pitzer - Credit Suisse
John Pitzer
Good morning. Why don't we go ahead and get started? My name is John Pitzer. And it's my pleasure this morning to introduce someone who probably doesn't need any introduction. We have as our first semiconductor speaker at this year's conference, Dr. Lisa Su, the Chief Executive Officer of Advanced Micro. Really appreciate Lisa's time this morning. We've got about 30 minutes in this session to go through some fireside chats.
And Lisa, maybe I can just kick things off. You're coming up on your fifth anniversary as CEO of AMD, and I was going through some numbers last week. When you first became CEO, you guys were doing about $4 billion in revenue and your market cap was about $1.5 billion.
Today, you're going to get close to $10 billion in rev and amazingly your market cap is now eclipsed to $100 billion. So to say that you've been busy over the last five years is probably an understatement. But I was hoping maybe you could kind of help set the table with this first question and talk a little bit about some of the investments and bets that you made five years ago that are bearing fruit today and kind of why you made those bets.
Lisa Su
Yes, great. Well, first of all, John, it's great to be here with you guys. I appreciate the time. Look it has been a very interesting five or six years. I would say that when I took over as CEO, our focus was really on - really figuring out what we're very good at and our focus was on high performance. And when you are in the semiconductor business for a long time, you realize that it does take a while to really build the strength of that technology roadmap. And so, our focus has been on the products and on the technology roadmap. We very much made some deliberate decisions in our CPU roadmap with our Zen product as well as our GPU roadmaps.
And that has really come to fruition over the last couple of generations. So this year is a big year, 2020 is a big year for AMD. We are just launching our Zen 3 product stack. So, you've seen the desktop version launched just a little while ago and we'll see notebooks and servers shortly. And what we've also done is launched our new - our next generation graphics roadmap as well. So it's really been about focusing on the technology, building upon every generation and ensuring that we also build trust and relationships with our most important customers.
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