Su momyes: Su Zifeng 731 million votes to stay on AMD board, support rate of 99%

It’s not too much to say that Dr. Su is reinventing AMD

WCCFTech reports that AMD CEO Dr. Zifeng Su received approximately 732 million votes to support her retention on the company’s board of directors. This was done last Wednesday as part of AMD’s annual shareholder meeting. In addition to the board election, other items on the agenda include the approval of executive compensation and the appointment of the company’s accounting firm.

AMD recently held a re-election of the company’s board of directors, in which the longest-serving chairman, John Caldwell, participated. After the vote, AMD shared the results with the Securities and Exchange Commission (SEC): AMD’s president, Cecilia So, eclipsed the rest of the company’s board with overwhelming support – 730 million votes.

Su momyes: Su Zifeng 731 million votes to stay on AMD board, support rate of 99%

Notably on the agenda, AMD also announced a $4 billion share buyback program, the first time the company has taken such action since 2001.

Su momyes: Su Zifeng 731 million votes to stay on AMD board, support rate of 99%

AMD shareholder meeting materials

In this regard, Sulzfeld also commented.

As you know, AMD is very pleased with the progress we’ve made in our business over the past few years. This has truly been a multi-year growth strategy, and I know many of you have been working with AMD on this.

Based on such strong financial results and cash flow, we see tremendous growth opportunities across our business portfolio. And AMD’s top priority will be to make significant investments in the business.

At the same time, this is an opportune time for AMD to start giving back to shareholders, and we believe this share repurchase program comes at the right time.

As for the next step in AMD’s capital allocation strategy, this will allow us to reduce the number of shares over time and limit the dilution of shareholder returns due to too many shares outstanding.

Looking ahead, we will continue to evaluate the best capital allocation strategy. For now, however, we are pleased to be able to begin returning capital to shareholders.

During the shareholder meeting, executives also commented on the strained semiconductor supply chain and their company’s response.

Dr. Su outlined.

So, yes, there is some tension in the semiconductor supply chain in general. We started the year very well and have strong visibility with our customers and with our supply chain in terms of available resources.

So, yes, you know we do have an obligation to achieve 50% annual revenue growth by 2021. We will continue to work with our supply chain partners and our customers on a daily basis to ensure that we meet their needs and have a good partnership with our wafer suppliers, you know TSMC and GlobalFoundries and our manufacturing partners across our ecosystem.

So you know we will continue to work closely with them. Overall, I would say channel inventory in the supply chain remains low, so we will continue to work with our partners to increase overall capacity as AMD sources all of its latest semiconductor products from Taiwan Semiconductor Manufacturing Company (TSMC).

……

Su remains optimistic about the company’s future as she believes AMD’s strong product portfolio will help it weather any future drop in demand in the consumer electronics space. By contrast, demand for products such as laptops and smartphones is higher due to remote work and distance learning, and some are concerned that device makers will have too much inventory on hand when things settle down.

AMD’s Nirvana Reborn, First Female CEO in 51-Year History Takes the Helm of AMD and Intel
Su Ma was able to take an overwhelming advantage or thanks to her track record.

It is widely believed in the industry that Su Ma is the CEO with the most leadership skills outside of Sanders and has really led the company to its high moment.

Let’s go back seven years.

In 2014, when the then 44-year-old Sue Ma had just taken over as CEO, the scenario for AMD was not good. The company’s revenue was down by nearly 40% and its market share was dismal.

The company’s revenue was down by nearly 40% and its market share was dismal. It could be said that the company was “appointed in a time of defeat and ordered to be in a crisis.

That year AMD announced its third quarter 2014 financial results and would implement a restructuring plan in the fourth quarter. Worldwide layoffs and expense reductions.

In retrospect, AMD, founded in 1969, is a veteran semiconductor factory, but has been suppressed by Nvidia and Intel. 03-06 was a glorious period when the market share reached 50%. Since then it has been on a downward slope.

In 2006, Intel released Core 2 with 65nm process, which increased performance by 40% and reduced power consumption by 40%. In the same year, AMD made a major decision to acquire ATI, proposing a new solution of CPU combined with GPU, but this meant that AMD and NVIDIA turned from teammates against Intel to competitors. This meant that AMD and NVIDIA went from being teammates against Intel to being competitors, as they needed to balance both CPU and GPU markets.

Su momyes: Su Zifeng 731 million votes to stay on AMD board, support rate of 99%

At that time, it was widely believed that AMD graphics cards could not sell Nvidia and CPUs could not sell Intel, so why could they survive until now?

Especially in the server market, where performance is king, Intel had a 99% global market share at its peak, while AMD had less than 1% and was ranked as a sub-optimal supplier. In the capital markets, AMD shares hit a multi-year low of less than $1.60 by September 2015.

But why has AMD’s share price risen from less than $2 all the way to more than $50 now in 4 or 5 years?

One of the main reasons, under the leadership of Zifeng Su, the CPU side, the Zen architecture has successfully turned around and really launched a strong product.

Raidong and Xiaolong processors, process performance and Intel arm wrestling. The price aspect also dominates.

Since then, AMD released the first generation of its new product portfolio in 2017, including Raidong desktop processors and EPYC (Skylar) server processors, and in 2019 released the third generation of Raidong processors.

AMD processors are beginning to make their way back into the mainstream market.

Su momyes: Su Zifeng 731 million votes to stay on AMD board, support rate of 99%

In terms of graphics cards, although still unable to dry old rival Nvidia, but won the favor of Sony, Microsoft console and Samsung cell phones.

It was Su’s mom’s sense of timing that began to free AMD from its dependence on the traditional PC market.

With a stock price that has maintained a 156% growth rate in 2019 alone, it’s no wonder that the bulk of Su’s sky-high salary comes from stock awards.

While still a long way from Intel in terms of X86 market share, it’s enough to see AMD’s momentum surge. Intel has a total of 84.9% of the X86 market share, while AMD has the remaining 15.1%.

Specifically on the desktop side, AMD accounted for 18.3% of the market share, an increase of 2.4% compared to the previous year, while Intel accounted for the remaining 81.7%. The most profitable server market, AMD is also making progress, increasing 1.4 percentage points year-over-year to 4.5%.

Su momyes: Su Zifeng 731 million votes to stay on AMD board, support rate of 99%

2019 marks AMD’s 50th anniversary. In an interview in China, Su Ma said that he focused his business on three areas during his five years as CEO, “one is to build great products, two is to deepen customer partnerships, and three is to streamline business processes.

It was this belief in building great products that led to the creation of a series of AMD Ryzen architecture PC chips, EPYC server chips and Vega GPU chips.

She has said, “AMD gets better and better when we are brave enough to take manageable risks and actively seek out cutting-edge technologies that will change the world. From here we can see Su’s courage to take on challenges, and it is her brave insistence that has brought AMD back to life.

Netizens praised Su’s mother, “It’s not too much to say that Dr. Su rebuilt AMD”.

I believe more fans will shout AMD YES in the future!

Su momyes: Su Zifeng 731 million votes to stay on AMD board, support rate of 99%

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/su-momyes-su-zifeng-731-million-votes-to-stay-on-amd-board-support-rate-of-99/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-05-30 23:12
Next 2021-05-30 23:32

Related articles