AMD Hopes To Earn $22 Billion Revenue In 2025 For A Staggering 232% Growth Over 2019!
Chip designer Advanced Micro Devices, Inc (AMD) announced its decision to acquire programmable computing solutions designer Xilinx, Inc in October. AMD is known for its processors and graphics processing units, and through the deal, the company hopes to expand its silicon footprint to also include a variety of products that Xilinx sells - in a move that will better place AMD strategically against its traditional and larger rival Intel Corporation and also allow the company to target the growing artificial intelligence, datacenter and 5G segments.
As part of its offer and calculations for the deal, AMD provided its future financial projection estimates to DBO Partners, LLC - AMD's financial advisory firm for the entire affair. These projections go beyond the details that AMD had revealed in its financial analyst day earlier this year, and they provide a glimpse into what the company expects of itself over the course of the next five years.
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