AMD Does Not Prioritize Gamers To Cryptominers As Radeon RX Stock Remains Tight
Amid a global semiconductor shortage affecting everything from cars to graphics cards, Team Red is not prioritizing cryptominers for gamers over who can buy the company’s latest Big Navi graphics card, the company said. AMD CFO Devinder Kumar at a recent tech conference. .
“We don’t prioritize our products and manufacture them for the crypto folks,” Kumar explained at Deutsche Bank Technology Conference 2021. What drove the growth, he explained, was the high-end Radeon 6000 series – and indeed, the graphics giant has had a huge year.
“We started the year with a 37% increase in revenue,” Kumar told a Deutsche Bank technology conference, describing AMD’s financially fantastic year. “And really, it was at the start of the year, we wanted to make sure from a sourcing point of view, in particular, that we could be confident in terms of everything we need, from pads to substrates and also ATMP capacity. We increased that to 50% and then 50 to 60%. “
“I would say the demand for the products was strong and actually got stronger,” Kumar added.
The figures were not broken down specifically by product category; instead, AMD’s Ryzen processors and Radeon RX graphics cards have both been grouped into the Compute and Graphics segment, according to ExtremeTech. This segment saw substantial gains from sales of processors and graphics cards, the latter being much more difficult to find at retail for various factors.
Analysis: AMD’s crypto windfall cannot be ignored forever
That AMD has to specifically answer the crypto question is really a company’s own problem.
AMD hasn’t really been forthright about its stance on cryptominers buying all of its cards to put them to work in cryptomines. Nvidia is much more open about its desire to see its cards enter the hands of more players than AMD, to the point of even publicly exploring how much of its graphics card revenue is tied to cryptomining.
Meanwhile, AMD doesn’t seem to want anyone to notice that their cards are popular choices for cryptominers and appear to be out of stock pretty much everywhere for everyone.
It’s only a short time before gamers start paying attention, even among the most dedicated AMD fans, and wondering which side is AMD on.