The world-famous provider of video cards Advanced Micro Devices (AMD) intends to increase the production of its devices and thereby eliminate their shortage in the market.
According to AMD CEO Lisa Su, the current lack of the graphic cards on the market is largely due to the inadequate production of GDDR5 and HBM2 memory used in the RX line popular among miners. As noted in AMD, investors and consumers have no reason to be concerned, as the company and its partners will continue to take measures to overcome the deficit.
During the conversation with the investors, the head of the company presented the annual report on AMD financial results, noting that the cryptocurrency mining became an important driver of the company’s revenue growth.
So, for the last quarter of the last year, the revenue from the company’s operating activities amounted to $ 1.48 billion (of which $ 958 million came from sales of graphics accelerators). This, however, is slightly less than a quarter earlier ($ 1.64 billion), when the market experienced a real boom in demand for video cards for mining.