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AMD Reports First Quarter 2020 Financial Results

AMD today announced revenue for the first quarter of 2020 of $1.79 billion, operating income of $177 million, net income of $162 million and diluted earnings per share of $0.14. On a non-GAAP* basis, operating income was $236 million, net income was $222 million and diluted earnings per share was $0.18.

"We executed well in the first quarter, navigating the challenging environment to deliver 40 percent year-over-year revenue growth and significant gross margin expansion driven by our Ryzen and EPYC processors," said Dr. Lisa Su, AMD president and CEO. "While we expect some uncertainty in the near-term demand environment, our financial foundation is solid and our strong product portfolio positions us well across a diverse set of resilient end markets. We remain focused on strong business execution while ensuring the safety of our employees and supporting our customers, partners and communities. Our strategy and long-term growth plans are unchanged."

AMD Donates $15 Million Worth EPYC CPUs and Radeon Instinct Accelerators to aid COVID-19 Research

AMD on April 15 updated its COVID-19 response strategy to include a sizable donation of enterprise hardware from its inventory towards COVID-19 vaccine research. The company is giving away $15 million worth HPCs cloud computing nodes powered by EPYC enterprise processors and Radeon Instinct scalar compute accelerators to key research institutions at the forefront of vaccine research for COVID-19. AMD says that these systems will be of a turnkey nature, so they could be quickly deployed and put to use. The company invites any institution conducting COVID-19 related research to contact them for access to the node.

Making the announcement, CEO Dr. Lisa Su writes: "AMD is announcing today a COVID-19 HPC fund to provide research institutions with computing resources to accelerate medical research on COVID-19 and other diseases. The fund will include an initial donation of $15 million of high-performance systems powered by AMD EPYC CPUs and AMD Radeon Instinct GPUs to key research institutions. To ease the implementation and speed the useful impact from these donations, we are working with our HPC system provider partners to provide ready-to-install HPC nodes. Research institutions should contact AMD at COVID-19HPC[at]amd[dot]com to submit proposals for access to these nodes."

Did AMD Tease its Upcoming Reference Board Design Ditching the Lateral Blower?

At AMD CEO Dr Lisa Su's keynote address at the company's 2020 Financial Analyst Day, a curious slide element caught our eye - a never before seen graphics card design that bears AMD insignia. This is quite possibly AMD's upcoming reference design. The design fits into the language of sharp dark ridges and red accents the company adopted first with its Radeon RX 5700 XT MBA (made by AMD) graphics card, and the hypothetical RX 5600 XT reference design that never made it to the market as the SKU was a partner-exclusive.

In Reddit AMAs following the RX 5700 series launch, corporate vice-president and manager for Radeon, Scott Herkelman, mentioned that all subsequent Radeon RX products by the company would ditch the lateral-blower design in favor of an axial multi-fan design that's characteristic of most partner-designed cards. NVIDIA made that switch with its RTX 20-series Founders Edition cards, and AMD too implemented a triple axial fan design for its Radeon VII card, before switching back to a conventional lateral-blower design for its RX 5700 series. AMD would go on to give the reference design RX 5600 XT an axial dual-fan cooler.

AMD Financial Analyst Day 2020 Live Blog

AMD Financial Analyst Day presents an opportunity for AMD to talk straight with the finance industry about the company's current financial health, and a taste of what's to come. Guidance and product teasers made during this time are usually very accurate due to the nature of the audience. In this live blog, we will post information from the Financial Analyst Day 2020 as it unfolds.
20:59 UTC: The event has started as of 1 PM PST. CEO Dr Lisa Su takes stage.

AMD Reports Fourth Quarter and Annual 2019 Financial Results

AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2019 of $2.13 billion, operating income of $348 million, net income of $170 million and diluted earnings per share of $0.15. On a non-GAAP basis, operating income was $405 million, net income was $383 million and diluted earnings per share was $0.32. For fiscal year 2019, the company reported revenue of $6.73 billion, operating income of $631 million, net income of $341 million and diluted earnings per share of $0.30. On a non-GAAP basis, operating income was $840 million, net income was $756 million and diluted earnings per share was $0.64.

"2019 marked a significant milestone in our multi-year journey as we successfully launched and ramped the strongest product portfolio in our 50-year history," said Dr. Lisa Su, AMD president and CEO. "We delivered significant margin expansion and increased profitability as we gained market share with our Ryzen and EPYC processors. Our focused execution and the investments we made in our high-performance computing roadmaps position us well for continued growth in 2020 and beyond."

AMD Strengthens Senior Leadership Team

AMD (NASDAQ: AMD) today announced several promotions and a new hire to strengthen its senior leadership team to further enable the company's continued growth.

AMD announced four senior vice president promotions:
  • Nazar Zaidi to senior vice president of Cores, Server SoC and Systems IP Engineering with continued responsibility for leading the development of leadership CPU cores, server SoCs and system IP.
  • Andrej Zdravkovic to senior vice president of Software Development, leading the teams responsible for all aspects of AMD software strategy and development across AMD graphics, client and data center products.
  • Spencer Pan to senior vice president of Greater China Sales and president of AMD Greater China, with responsibility for leading all sales and go-to-market activities for AMD in Greater China and expansion of strategic partner and customer relationships in the region.
  • Jane Roney to senior vice president of Business Operations, responsible for aligning and scaling critical business processes across the company to support growth and help ensure consistent execution.

Expect High-end Navi: AMD CEO

At a Q&A session with the tech press in Las Vegas, AMD CEO Dr Lisa Su raised hopes of a high-end graphics card based on its "Navi" family of GPUs. Responding to a specific question by Gordon Ung from PC World on whether there will be a high-end competitor in the discrete graphics space, Dr Su stated that one should expect a "high-end Navi." Dr Su states: "I know those on Reddit want a high end Navi! You should expect that we will have a high-end Navi, and that it is important to have it. The discrete graphics market, especially at the high end, is very important to us. So you should expect that we will have a high-end Navi, although I don't usually comment on unannounced products."

For months now, it's been speculated that AMD has been working on a larger GPU die than "Navi 10." In 2020, AMD is expected to release the "Navi 20" familly of GPUs built on 7 nm+ (EUV) node, based on the RDNA2 graphics architecture. The key design goals of RDNA2 are expected to be support for at least tier-1 variable-rate shading (VRS), and possibly hardware-accelerated ray-tracing. It's possible that "high-end Navi" belongs to this family of GPUs.

AMD Announces Radeon RX 5600 XT Graphics Card

AMD CEO Dr Lisa Su at the company's 2020 International CES address announced the company's e-sports flagship graphics card, the Radeon RX 5600 XT. This card is designed to dominate the sub-$300 market-segment that's been led by NVIDIA's GeForce GTX 1660-series. Based on 7 nm "Navi" silicon, the RX 5600 XT has surprisingly powerful specs: 2,304 stream processors across 36 RDNA compute units, which is the same as the RX 5700, but with some cost-cutting in the way of memory: 6 GB of GDDR6 across a 192-bit wide memory interface, and 12 Gbps memory speed. The GPU has a gaming engine clock of roughly 1500 MHz. Other key specs include 144 TMUs and 48 ROPs.

Designed with a 150 W typical board power target, the card draws power from a single 8-pin PCIe power connector. The RX 5600 XT is designed to provide 1080p e-sports gaming at high refresh-rates, or 1440p gaming at reasonable graphics settings. In its presentation, AMD showed the RX 5600 XT beating the GTX 1660 Ti that leads NVIDIA's GTX 16-series. With a price of USD $279 SEP, which is on-par with that of the GTX 1660 Ti, AMD looks to bring some serious competition to the $200-300 market-segment. Available January 21, 2020.

AMD Stock Broke All-Time Record for the Company, Peaked at $49.10 per Share

AMD veterans yesterday must've sneakily left their respective offices yesterday for a well-deserved rest and a glass of champagne - and if they didn't, they deserved it. The company yesterday broke their previous all-time stock pricing record achieved way back in June 2000, at $47.50 per share, when it traded at $49.10 per share yesterday.

It's been a long time coming for AMD, and irrespective of any brand loyalty, it certainly pays, as a consumer and as an enthusiast, to see a company that nearly went bankrupt in 2016 - who had to sell and then lease back their own headquarters for a quick cash infusion, spin-off its manufacturing division in a change of strategy that couldn't have been easy on morale - achieve such a colossal feat. Even more impressive this is should you even be considering the blue behemoth the company actually has to contend with - a $260.35B Intel who, by both happenstance and poor CPU execution vision, is being fired upon on all markets by comparative David AMD, today valued at $51.07B. Here's hoping all AMD employees got their well-deserved party and standing ovation from each other. None of them - not even Lisa Su - achieved this alone.

AMD CEO To Unveil "Zen 3" Microarchitecture at CES 2020

A prominent Taiwanese newspaper reported that AMD will formally unveil its next-generation "Zen 3" CPU microarchitecture at the 2020 International CES. Company CEO Dr Lisa Su will head an address revealing three key client-segment products under the new 4th generation Ryzen processor family, and the company's 3rd generation EPYC enterprise processor family based on the "Milan" MCM that succeeds "Rome." AMD is keen on developing an HEDT version of "Milan" for the 4th generation Ryzen Threadripper family, codenamed "Genesis Peak."

The bulk of the client-segment will be addressed by two distinct developments, "Vermeer" and "Renoir." The "Vermeer" processor is a client-desktop MCM that succeeds "Matisse," and will implement "Zen 3" chiplets. "Renoir," on the other hand, is expected to be a monolithic APU that combines "Zen 2" CPU cores with an iGPU based on the "Vega" graphics architecture, with updated display- and multimedia-engines from "Navi." The common thread between "Milan," "Genesis Peak," and "Vermeer" is the "Zen 3" chiplet, which AMD will build on the new 7 nm EUV silicon fabrication process at TSMC. AMD stated that "Zen 3" will have IPC increases in line with a new microarchitecture.

Intel Hires Former AMD GPU Silicon Executive

Intel's latest talent acquisition from rival AMD, as it builds a GPU product lineup, is Masooma Bhaiwala. "After 15+ amazing years at AMD, I have decided to take on a different opportunity... It was a truly fun ride, with an incredible team, during which we built some truly cool chips," she wrote in a LinkedIn post. According to her profile, Bhaiwala takes the role of Vice President, discrete GPU SoCs, and works under Intel's Graphics and Throughput Computing Hardware Engineering group headed by Raja Koduri.

Koduri's team has been a glassdoor for former AMD executives and tech-leads. While it has hired engineering talent such as Balaji Kanigicherla, Kalyan Thumaty and Joseph Facca; it has simultaneously lost client-graphics marketing talent, with the likes of Chris Hook, Heather Lennon, and Jon Carvill waltzing out of the company in less than a year of their association. Besides Koduri's Intel's most priced tech talent acquisition is Jim Keller, who is working on a future high-IPC CPU core design for the company. While working for AMD, Keller's "Zen" microarchitecture coupled with CEO Lisa Su's leadership have scripted one of the biggest turnarounds in Silicon Valley.

AMD CEO Lisa Su Talks About 3rd Gen Ryzen Boost Issue in Q3 Earnings Call

AMD CEO Dr Lisa Su in response to a question, spoke about 3rd generation Ryzen processor boost issue. Dr. Su was responding to a question by Mitch Steves of RBC Capital on whether she had comments on "the software side" of 3rd gen Ryzen, and articles in the press still popping up about them despite AMD's fix. This was interpreted by the AMD CEO as a question specific to the Precision Boost controversy surrounding 3rd gen Ryzen chips, in which processors would seldom/never hit the advertised maximum boost frequency. AMD tried to address this by issuing updates to its processor microcode under AGESA Combo 1.0.0.3 ABBA, distributed through motherboard BIOS updates. The new microcode is supposed to increase the maximum turbo clock-speeds for "the vast majority" of users.

In her response, Dr. Su began by stating that the company is pleased with the sales of these processors. She then mentioned that AMD is working with its motherboard partners and ODM partners to "improve the optimization of the maximum boost frequency." She notes that the issue has been "largely addressed over the last couple of weeks" (referring to 1.0.0.3 ABBA). She goes on to state that AMD sees its response to the boost issues as more of an "optimization," rather than a "major update," possibly trying to allay investor fears that AMD is firefighting a costly problem with its products. "We're going to continue to improve the platform," she adds, possibly referencing the upcoming AGESA 1.0.0.4 Patch B microcode that's beginning to ship out by motherboard vendors. The earnings call can be accessed here. The specific question can be found at 47:00.

AMD Reports Third Quarter 2019 Financial Results

AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2019 of $1.80 billion, operating income of $186 million, net income of $120 million and diluted earnings per share of $0.11. On a non-GAAP(*) basis, operating income was $240 million, net income was $219 million and diluted earnings per share was $0.18.

"Our first full quarter of 7 nm Ryzen, Radeon and EPYC processor sales drove our highest quarterly revenue since 2005, our highest quarterly gross margin since 2012 and a significant increase in net income year-over-year," said Dr. Lisa Su, AMD president and CEO. "I am extremely pleased with our progress as we have the strongest product portfolio in our history, significant customer momentum and a leadership product roadmap for 2020 and beyond."

AMD-made PlayStation 5 Semi-custom Chip Has Ray-tracing Hardware (not a software solution)

Sony's next-generation PlayStation 5 could land under many Christmas trees...in the year 2020, as the company plans a Holiday 2020 launch for the 4K-ready, 8K-capable entertainment system that has a semi-custom chip many times more powerful than the current generation, to support its lofty design goals. By late-2020, Sony calculates that some form of ray-tracing could be a must-have for gaming, and is working with its chip designer AMD to add just that - hardware-acceleration for ray-tracing, and not just something that's pre-baked or emulated over GPGPU.

Mark Cerny, a system architect at Sony's US headquarters, in an interview with Wired, got into the specifics of the hardware driving the company's big platform launch for the turn of the decade. "There is ray-tracing acceleration in the GPU hardware," he said, adding "which I believe is the statement that people were looking for." Besides raw processing power increases, Sony will focus on getting the memory and storage subsystems right. Both are interdependent, and with fast NAND flash-based storage, Sony can rework memory-management to free up more processing resources. AMD has been rather tight-lipped about ray-tracing on its Radeon GPUs. CEO Lisa Su has been dismissive about the prominence of the tech saying "it's one of the many technologies these days." The company's mid-2019 launch of the "Navi" family of GPUs sees the company skip ray-tracing hardware. The semi-custom chip's GPU at the heart of PlayStation 5 was last reported to be based on the same RDNA architecture.

Fortune Names AMD Lisa Su "One of the Most Powerful Women in Business"

AMD's resurgence is a well threaded story already. Missteps with their Bulldozer architecture, spinning-off of their manufacturing division off to a separate entity (Global Foundries), the investment in semi-custom solutions and the launch of Zen are well documented throughout numerous articles on this publication. As such, and considering AMD's current market position - one-upping Intel in all but the lightest-threaded tasks in both consumer and enterprise markets - the fact that Fortune named her "one of the most powerful women in business" should come as a surprise to, well, almost no-one.

The nomination is headed by comments on AMD's 23% revenue increase YoY, as well as the 66% increase in stock value after the launch of Zen 2-based products. The fact that Lisa Su is the only female leader in the semiconductor industry also doesn't go by unnoticed in the nomination.

AMD Confirms: Ryzen 9 3950X and Threadripper 3rd Generation Coming in November

AMD just released an update on their upcoming processor launches this year. First revealed at E3, just a few months ago, the Ryzen 9 3950X is the world's first processor to bring 16-cores and 32-threads to the consumer desktop space. The processor's boost clock is rated at "up to 4.7 GHz", which we might now actually see, thanks to an updated AGESA software that AMD released earlier this month. Base clock for this $749 processor is set at 3.5 GHz, and TDP is 105 W, with 72 MB cache. While AMD said "September" for Ryzen 9 3950X back at E3, it looks like the date got pushed back a little bit, to November, which really makes no difference, in the grand scheme of things.

The second big part of today's announcement is that AMD is indeed working on "Rome"-based third generation Threadripper processors (probably the industry's worst-kept secret), and that these CPUs will also be launching in November, right in time to preempt Intel from having any success with their upcoming Cascade Lake-X processors. Official information on AMD's new HEDT lineup is extremely sparse so far, but if we go by recent leaks, then we should expect new chipsets and up to 32-cores/64-threads.
AMD's full statement is quoted below.

AMD CEO Lisa Su: "CrossFire Isn't a Significant Focus"

AMD CEO Lisa Su at the Hot Chips conference answered some questions from the attending press. One of these regarded AMD's stance on CrossFire and whether or not it remains a focus for the company. Once the poster child for a scalable consumer graphics future, with AMD even going as far as enabling mixed-GPU support (with debatable merits). Lisa Su came out and said what we all have been seeing happening in the background: "To be honest, the software is going faster than the hardware, I would say that CrossFire isn't a significant focus".

There isn't anything really new here; we've all seen the consumer GPU trends as of late, with CrossFire barely being deserving of mention (and the NVIDIA camp does the same for their SLI technology, which has been cut from all but the higher-tier graphics cards). Support seems to be enabled as more of an afterthought than a "focus", and that's just the way things are. It seems that the old, old practice of buying a lower-tier GPU at launch and then buying an additional graphics processor further down the line to leapfrog performance of higher-performance, single GPU solutions is going the way of the proverbial dodo - at least until an MCM (Multi-Chip-Module) approach sees the light of day, paired with a hardware syncing solution that does away with the software side of things. A true, integrated, software-blind multi-GPU solution comprised of two or more smaller dies than a single monolithic solution seems to be the way to go. We'll see.

2nd Gen AMD EPYC Processors Set New Standard for the Modern Datacenter

At a launch event today, AMD was joined by an expansive ecosystem of datacenter partners and customers to introduce the 2nd Generation AMD EPYC family of processors that deliver performance leadership across a broad number of enterprise, cloud and high-performance computing (HPC) workloads. 2nd Gen AMD EPYC processors feature up to 64 "Zen 2" cores in leading-edge 7 nm process technology to deliver record-setting performance while helping reduce total cost of ownership (TCO) by up to 50% across numerous workloads. At the event, Google and Twitter announced new 2nd Gen AMD EPYC processor deployments and HPE and Lenovo announced immediate availability of new platforms.

"Today, we set a new standard for the modern datacenter with the launch of our 2nd Gen AMD EPYC processors that deliver record-setting performance and significantly lower total cost of ownership across a broad set of workloads," said Dr. Lisa Su, president and CEO, AMD. "Adoption of our new leadership server processors is accelerating with multiple new enterprise, cloud and HPC customers choosing EPYC processors to meet their most demanding server computing needs."

AMD Zen 2 EPYC "Rome" Launch Event Live Blog

AMD invited TechPowerUp to their launch event and editor's day coverage of Zen 2 EPYC processors based on the 7 nm process. The event was a day-long affair which included product demos and tours, and capped off with an official launch presentation which we are able to share with you live as the event goes on. Zen 2 with the Ryzen 3000-series processors ushered in a lot of excitement, and for good reason too as our own reviews show, but questions remained on how the platform would scale to the other end of the market. We already knew, for example, that AMD secured many contracts based on their first-generation EPYC processors, and no doubt the IPC increase and expected increased core count would cause similar, if not higher, interest here. We also expect to know shortly about the various SKUs and pricing involved, and also if AMD wants to shed more light on the future of the Threadripper processor family. Read below, and continue past the break, for our live coverage.
21:00 UTC: Lisa Su is on the stage at the Palace of Fine Arts events venue in San Francisco to present AMD's latest developments on EPYC for datacenters, using the Zen 2 microarchitecture.

21:10 UTC: AMD focuses not just on delivering a single chip, but it's goal is to deliver a complete solution for the enterprise.

News of Lisa Su Leaving AMD Was an Exaggeration: "Zero Truth to This Rumor"

News made the rounds recently of AMD's Lisa Su's reported plans of leaving the company in favor of a #2 position at IBM. The report, which was broken by WCCFTech, pegged Lisa Su as already being sprucing up her successor in the form of Rick Bergman, who recently joined AMD after leaving his CEO position with Synaptics.

Now, Lisa Su herself has come out on Twitter to say that there was zero truth to the report, and that she plans to stay with AMD, where "the best is yet to come". Of course, no CEO would confirm such a report from a media outlet - these things take their time and are done in their own corporate way, and there's really no other response that Lisa Su could have given that wouldn't damage AMD's current outlook. Her presence and confidence in her delivery is part of the reason for investor confidence in AMD. That said, I doubt there would be a better time for Lisa Su to actually move higher up in her own career perspectives than from AMD's current state.

AMD Reports Second Quarter 2019 Financial Results

AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2019 of $1.53 billion, operating income of $59 million, net income of $35 million and diluted earnings per share of $0.03. On a non-GAAP basis, operating income was $111 million, net income was $92 million and diluted earnings per share was $0.08.

"I am pleased with our financial performance and execution in the quarter as we ramped production of three leadership 7nm product families," said Dr. Lisa Su, AMD president and CEO. "We have reached a significant inflection point for the company as our new Ryzen, Radeon and EPYC processors form the most competitive product portfolio in our history and are well positioned to drive significant growth in the second half of the year."

Frank Azor, Alienware Co-Founder, Joins AMD as Chief Architect of Gaming Solutions

Frank Azor is the co-founder of, and brains behind many of Alienware's iconic products that established it as one of the top gaming PC brands on both sides of the Dell acquisition, and had been with the marquee for 21 years. Azor joined AMD today as the company's Chief Architect of Gaming Solutions. CEO Dr Lisa Su welcomed Azor to her team stating "Extremely happy to welcome Azor Frank on his very first day at AMD. Frank is a powerhouse in the industry and we are thrilled to have him as our new chief architect of gaming solutions. Welcome Frank!!" Azor is an end-product (solution) architect, and at AMD he could be the architect of products that combine the company's CPU and GPU IP in ways that haven't been invented yet.

AMD E3 Next Horizon Event: Live Blog

It's been a very busy May-June for AMD as the company pushes out its major client-segment product lines spread across Computex 2019, and E3 2019. At Computex, the company focused on its 3rd generation Ryzen "Zen 2" desktop processors, and led its partners to show us a galaxy of new motherboards based on the AMD X570 chipset. It turns out that the company was saving a handful processor SKUs focused on gamers for E3.

The second important product launch of course is Radeon RX 5700 series, based on AMD's new "Navi 10" silicon on which its new RDNA graphics architecture debuts. With its AIB (add-in board) partners expected to be allowed to make custom-design cards, and based on what little nuggets of information AMD put out, "Navi" promises to stir up a key performance-segment price-band that's currently held by NVIDIA's GeForce RTX 2070 and RTX 2060. The AMD keynote will see the company CEO Dr. Lisa Su and her top execs take centerstage to make some big announcements. With E3 being a purely entertainment / client-segment forum, the AMD keynote promises not bore with tiresome topics such as AI, self-driving cars, etc.
2:30 PM PDT: Ahead of its keynote, AMD posted a teaser video of its new RDNA graphics architecture on YouTube.

Intel Challenges AMD to Beat it in "Real World Gaming"

AMD is on the verge of launching its 3rd generation Ryzen "Matisse" processors that are widely expected to take the performance crown from Intel. At its Computex 2019 reveal, AMD CEO Dr Lisa Su claimed that these processors beat the competition in all areas, including gaming. Motherboard manufacturers threw their weight behind AMD by pulling out their most premium brands for the AMD "Valhalla" desktop platform that consists of these processors, mated with an AMD X570 chipset motherboard. Ahead of its E3 2019 keynote Monday afternoon, Intel has come out with a challenge. Chipzilla dares AMD to beat it in "real-world gaming."

At its "gaming performance for the real world" address in Los Angeles Jon Carvill, VP of marketing, challenged AMD to beat it in real world gaming with its upcoming processors. "So you're going to hear a lot about gaming CPUs this week," he began. "They may or may not come from certain three letter acronyms. That said, here's what I want to challenge you. I want to challenge you to challenge them. If they want this crown come beat us in in real world gaming, real world gaming should be the defining criteria that we use to assess the world's best gaming CPU. I challenge you to challenge anyone that wants to compete for this crown to come meet us in real world gaming. That's the measure that we're going to stand by."

AMD Halts Further x86 Technology Licensing to China

AMD Lisa Su at Computex 2019 confirmed to Tom's hardware that the company wasn't licensing anymore of its x86 IP portfolio to China-based companies. AMD entered a technology license agreement with China's Tianjin Haiguang Advanced Technology Investment Co. Ltd. (THATIC) in 2016. As part of the agreement to license its x86 and SoC IP for chip development, AMD received a cash infusion worth $293 million (plus royalties).

As a result, Chinese chipmaker Hygon started delivering their "Dhyana" CPUs, which looked like copies of AMD's Zen-based Epyc chips with added, Chinese-government approved cryptographic capabilities. AMD had to go through some hoops to get this deal done, but it did. However, now the technology refinement pipe is draining for the Chinese companies, as AMD won't be delivering its post-Zen updates to the core design. It remains to be seen if AMD's intellectual property was enough for Chinese companies to ignite their own in-country CPU development, or if the ongoing US-China trade war will keep on draining the company of CPU independence.
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