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AMD CEO Lisa Su: We're Making Large Bets And Gaining Market Share

In a new interview, AMD Lisa Su says the company believes 2019 will be a 'revenue growth year' thanks to new 7-nanometer products: 'Our story is really about share gains.'

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'Our Story Is Really About Share Gains'

AMD CEO Lisa Su said 2019 will be a "revenue growth year" as the company prepares to launch next-generation, 7-nanometer processors and GPUs in the second half of the year.

"We have been a share gain story, so we're all about our products and gaining market share," she told CNBC in a Wednesday interview.

[Related: AMD Claims Businesses Pay 'Intel Tax' With Xeon Server CPUs]

The Santa Clara, Calif.-based chipmaker reported on Tuesday that while revenue in the first quarter declined by 23 percent, the company's guidance for full-year revenue was unchanged from the last few months, with the expectation that it will grow in the high single digits.

Prior to the company's latest earnings, analysts and investors were curious if AMD would follow a similar path to Intel, which lowered its full-year revenue forecast by $2.5 billion last week from a previous estimate, showing that the company expects annual revenue to decline this year.

But Su said she is confident AMD will continue to gain market share on Intel, which dominates the client computer and server markets. On the company's Tuesday earnings call, she said she expects AMD to reach double-digit market share in servers within the next year.

"Our story is really about share gains, and middle of this year, we're coming out with our next-generation EPYC processor," Su said on CNBC. "We call it 'Rome,' and it doubles performance per socket, so it's a significant inflection point in technology, and that's what keeps us really excited about the prospects."

What follows is an edited transcript of Su's remarks on CNBC.

 
 
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