AMD CEO Lisa Su Says Chipmaker’s Path Gets Tougher From Here
- Once an also-ran, company has bounced back during her tenure
- New processors won orders as rival Intel hit production snags
Advanced Micro Devices Inc. Chief Executive Officer Lisa Su, who took the helm in 2014, has returned the chipmaker to profitability, taken market share from Intel Corp. and banished concerns about the company running out of cash.
More than six years into her tenure, AMD has seen its market value surge to more than $90 billion from about $2 billion when Su was named CEO. On Wednesday, the company unveiled a $4 billion stock-repurchase plan, its first buyback since 2001, highlighting its new financial heft and stability. Still, Su isn’t ready to take a victory lap.
“Without a doubt it does not get easier,” Su said in an interview with Bloomberg Technology’s Emily Chang. “We’re in a very competitive market. We have big ambitions about what we want to be able to do.”