Advanced Micro Devices has new products in the pipeline, setting 2019 up to be rdquo & a big year, for the firm, Chief executive officer Lisa Su told CNBC. We see it as a product cycle, and as we go 3 to five years forward, we’ve got a lot of things in the hopper, she explained in a one-on-one interview with Mad Money’sJim Cramer, & rdquo. We are working on many, many products. AMD is building the computer chip for the next generation of Sony’s PlayStation Game Consoles.
Whilst the PlayStation 5 will not be released in 2019, the system will carry quality graphics and impacts on top of faster and enlarged memory, according to Wired Magazine. Gaming is a long term and secular, expansion market for AMD, Su said. What we’ve done with Sony is really an architect something because of their application, because of their particular sauce. She explained. It is a wonderful honor for us. We are really excited about what the next generation PlayStation will do. The business also supplies semiconductors for information and PC center businesses. She added. The company supplies components for Amazon’s Web Services, Alphabet’s Google Cloud along with Apple apparatus.
Su stated they look to partner with the best in the business. AMD is behind Google’s new game service, Stadia, that was declared in March. New releases for the center of 2019 include a microprocessor for PC and Epyc chip for data center, Su said. This is a revenue growth year for us. She explained. , really focused on high-performance computing. AMD listed $1.27 billion of earnings in the first quarter of 2019 and preserved its full-year guidance. The business anticipates about $1.52 billion of earnings in the second quarter, a 13% decrease from the year before, in part due to reduced graphics channel earnings, the business said.