Summary: AMD expects a $1.5 billion revenue hit in 2025 due to new US curbs on chip exports to China, requiring licenses for advanced AI processors. The company’s adjusted gross margin forecast is 43%, an 11 percentage-point drop excluding an $800 million charge. Despite this, AMD’s second-quarter revenue forecast topped Wall Street estimates, driven by strong demand for its advanced processors, particularly in the data center segment.

Link: https://www.straitstimes.com/business/companies-markets/amd-warns-of-1-9-billion-revenue-hit-from-us-curbs-on-china-chip-exports