In the semiconductor industry, AMD recently announced a significant development: Victor Peng, the company's president, will retire next month. As a pivotal figure in AMD's AI strategy, Peng's departure is sure to garner widespread attention within the industry.
Since joining AMD in 2022, Victor Peng has been instrumental in driving the company's growth. Prior to AMD, he served as the president and CEO of Xilinx, a programmable chip design company, leading it for four years. Earlier, he had also worked at ATI Technologies, which AMD acquired, bringing him into the fold.
AMD has announced that Peng will officially retire on August 30, but until then, he will continue to serve as an advisor to assist the company's leadership transition. With Peng's retirement, AMD has decided to transfer the responsibility for its Instinct data center accelerator chip business to Vamsi Boppana. Boppana, a veteran from Xilinx, currently serves as Senior Vice President in AMD's AI Group, overseeing AI software and ecosystem development, as well as the roadmap for AI hardware.
AMD's CEO and Chairman, Lisa Su, stated that Peng played a crucial role in integrating and expanding the company's embedded business and driving the cross-company AI strategy. She also noted that under Peng's leadership, AMD became a leading supplier of FPGA and adaptive computing solutions. Lisa Su expressed her gratitude for Peng's contributions and wished him well in his retirement.
Meanwhile, AMD is intensifying its efforts to advance its Instinct processor product line to challenge Nvidia's dominant position in the data center AI chip market. AMD has just launched the MI300 processor and plans to release the MI325 processor later this year, expected to further enhance the company's competitiveness in the AI market.
Key Points:
- 🚀 Victor Peng will retire on August 30 and will continue as an advisor to assist with the leadership transition.
- 🖥️ AMD has handed over the responsibility for the Instinct data center accelerator chip business to Xilinx veteran Vamsi Boppana.
- 🎯 AMD is strengthening its Instinct processor product line to challenge Nvidia's dominance in the AI chip market.