**AMD Sees Positive Demand Signals Amid China Market Challenges**
Advanced Micro Devices Inc. (AMD) is experiencing encouraging signs of demand across its product range, according to CEO Lisa Su. In a recent interview, Su highlighted the company’s ongoing efforts to secure U.S. government approval for re-entering the Chinese market. She urged investors to look beyond the immediate challenges posed by Chinese export restrictions and focus on the robust performance across all of AMD’s markets.
Despite concerns regarding AMD’s ability to sell chips in China, which led to a significant drop in stock prices—falling as much as 9.5%—Su expressed optimism about the company’s prospects. “We are seeing a lot of positive signals over the last 90 days in terms of what the market needs from computing,” she stated during her appearance on Bloomberg Tech.
Regarding the status of export approvals to China, Su mentioned, “We have a number of licenses under review, and we’ve been given good indications those are moving through the process.” Following her comments, AMD’s stock began to recover, with a decrease of 6.6% to $162.81 by noon in New York.
The concerns surrounding China overshadowed a generally positive earnings report released by AMD, which included a sales forecast that exceeded analysts’ expectations. The company is witnessing a surge in demand for AI accelerator chips, essential for developing and running artificial intelligence models. Su reiterated that this market is expected to drive significant growth in the latter half of the year, projecting tens of billions of dollars in new revenue over the next few years.
In summary, while challenges remain in the Chinese market, AMD’s overall demand signals and strong performance in AI technology position the company for future growth.
**FAQ**
**What is AMD’s current status regarding the Chinese market?**
AMD is actively seeking U.S. government approval to resume exports to China and has received positive indications about the progress of its license applications.
