Recently, there have been reports that AMD is about to conduct large-scale layoffs in the China region, with a possible layoff rate of 10% -15% or involving hundreds of employees.
On October 26th, AMD responded to a reporter from Pengpai News: "The online rumors are untrue. Based on the adjustment of the company's strategy, the company has recently undergone minor optimization and restructuring of its organizational structure
According to AMD's second quarter results as of July 1st, released on August 1st this year, the company's revenue in the second quarter was approximately $5.359 billion, a year-on-year decrease of 18%, two consecutive quarters down, higher than the median of the company's first quarter guidance range of $5.3 billion and also higher than the market expectation of $5.32 billion.
AMD CEO Su Zifeng stated in a conference call after the financial report that China is an important market and AMD sees an "opportunity" to sell its AI (artificial intelligence) chips in China: "Our plan is to comply with US export control regulations, and we are confident that there will be an opportunity to develop products for Chinese customers seeking AI solutions. The company will continue to work in that direction
On October 17th local time, the US Department of Commerce released the final rules for semiconductor export controls to China. The final rule, based on the temporary rules introduced on October 7th last year, further tightened export restrictions on artificial intelligence related chips and semiconductor manufacturing equipment to China, and added multiple Chinese entities to the "physical list" of export controls.
On October 18th, a spokesperson for the Ministry of Commerce stated that the US continues to generalize the concept of national security, abuse export control measures, and implement unilateral bullying. China is strongly dissatisfied with this and firmly opposes it.
The semiconductor industry is highly globalized, and improper regulation by the US seriously hinders the normal economic and trade exchanges of chips, chip equipment, materials, and component enterprises in various countries, seriously undermines market rules and international economic and trade order, and seriously threatens the stability of the global industrial and supply chains. Semiconductor companies in the United States have suffered huge losses, and semiconductor companies in other countries have also been affected.
The US should lift its semiconductor export controls to China as soon as possible, create a fair, just, and predictable business environment for enterprises from various countries, including Chinese enterprises, and work together with all parties to build a safe, stable, efficient, open, inclusive, and mutually beneficial global industrial chain supply chain system. China will take all necessary measures to resolutely safeguard its legitimate rights and interests.