Advanced Micro Devices, Inc

AMD sells primarily through OEM partners (multi-nationals, regional accounts, and system integrators) that build servers, workstations, desktops, notebooks, motherboards, and game consoles incorporating AMD silicon. A substantial portion of data center products is purchased directly or indirectly by hyperscale public cloud providers and hyperscale private data centers, often via OEMs/ODMs and contract manufacturers. In Client and Gaming, demand is driven by PC OEM build plans, distributor/channel inventory dynamics, and add-in-board partners for graphics cards, alongside semi-custom wins tied to console platforms. Embedded products are sold across many end markets (e.g., aerospace and defense, automotive, industrial, healthcare, communications infrastructure) via direct sales and distributors, with design-in support and long product lifecycles shaping purchasing decisions. Some customers also engage AMD for design and development services and pay non-recurring engineering fees for differentiated solutions.

AMD’s strategy centers on delivering timely CPU and accelerator roadmaps for data center and AI workloads while maintaining competitiveness in client PCs and gaming platforms. The company is also broadening its platform offerings beyond CPUs and GPUs into DPUs/AI NICs and programmable logic (FPGAs/adaptive SoCs) to address more of the data center system bill of materials and workload acceleration needs. Following the announced ZT Systems acquisition, AMD disclosed an intent to divest the ZT data center infrastructure manufacturing business while retaining certain IP and employees (the design business), reflecting a preference for IP- and design-led value capture rather than running a manufacturing services operation. Across segments, AMD emphasizes close co-development with customers, design support, and differentiated solutions that combine multiple AMD technologies (CPU, GPU, APU, DPU, AI NIC, FPGA).