AMD replaces CEO with chip veteran Lisa Su
Advanced Micro Devices has a new CEO, Lisa Su, who will now try to stabilize a company that’s attempting to diversify into new markets outside PCs and servers.
Su will replace Rory Read, who has stepped down from the post. Su solidified her position as the second-in-command to Read when she was appointed chief operating officer in June.
AMD has struggled financially in recent years but has had some bright spots with its chips now going into the Xbox One and PlayStation gaming consoles. The company is trying to hold on to market share in its bread-and-butter PC market but has reshaped its server road map around ARM processors. AMD is also making custom chips for clients as it tries to reduce its reliance on the declining PC market.
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