AMD President Victor Peng, Who Led AI Chip Effort, to Retire
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Advanced Micro Devices Inc. President Victor Peng, who rejoined the chipmaker when it acquired Xilinx Inc. in 2022, will retire effective Aug. 30.
Peng’s short career at AMD coincides with one of its most successful spells in business and the stock market. Under Chief Executive Officer Lisa Su, the once-also ran has gained market share from larger rival Intel Corp. and eclipsed it in market capitalization.