AMD's revenue will drop 4% in 2023

In 2023, AMD's revenue was US$22.68 billion, a year-on-year decrease of 4%. This decline was mainly affected by the decline in PC demand and destocking factors. However, AMD's data center business and embedded business achieved a 17% growth through the acquisition of Xilinx. In addition, the AI ​​GPU MI300 series released in the fourth quarter of last year is expected to become the main driving force for AMD's revenue growth in 2024.