AMD plans to reveal a new generation of those CPUs on November 10th, as well as a new architecture for its GPUs on November 3rd. According to AMD CEO Lisa Su, who spoke on the firm’s earnings call, the business is also relying on a large number of customers purchasing consoles as the Christmas season approaches.
AMD isn’t the only chipmaker in trouble right now. Intel’s third-quarter earnings were also down by 85 percent year on year, and the corporation plans to make significant expenditure cutbacks, including layoffs. We won’t know how AMD’s competition in the GPU area, Nvidia, has fared until it reports profits on November 16th.
