Advanced Micro Devices CEO Lisa Su stated that numerous the chipmaker’s provide chain is in China and Malaysia however that disruptions from COVID-19 have had little influence up to now.
AMD has forecast that its revenues can be $1.eight billion, plus or minus $50 million, for the primary quarter ending March 31. And Su stated the corporate will not be altering this steerage, although revenues could are available in on the decrease facet of that vary. She additionally stated AMD will not be altering is forecast for the yr.
“Obviously, there’s a lot of volatility in the markets with the coronavirus and we want to make some comments about that, as well,” she stated. “Our first priority, of course, is for the health and safety of our employees and our partners and our customers. And so that is our focus, and we have taken steps to minimize potential exposure” and journey.
Above: AMD’s chips are being utilized in El Capitan supercomputer.
She stated most of AMD’s provide chain is in China, Malaysia, and Taiwan.
“I would say very robust supply chain, so we’ve taken a number of actions to ensure that we have continuity in that supply chain,” she stated. “And based on what we see today, we’re actually back to our normal supply capacity.”
As for patrons, some operations have been affected, and people corporations are attempting to get again to regular operations over the approaching weeks.
She famous that the demand image is a “very fluid situation.”
Su stated, “In China, we have seen some reduction in consumer demand, particularly in the offline channel networks, and those will continue for some time. We have also seen some other situations where the demand for infrastructure has increased.”
Based on visibility, Su stated the influence is predicted to be “modest.”
Patrick Moorhead, an analyst at Moor Insights & Strategy, stated in an e-mail, “[That] makes sense to me, as AMD’s supply chain is very short. It [fabricates] parts at TSMC, tests [the product], packages it, tests it again, then packs and ships to customers.”