AMD announced its second quarter financial report for 2025, with revenue reaching US$7.69 billion (about NT$229.2 billion), an increase of 32% year-on-year, setting a new high. However, affected by the US ban on exports of AI chips to China, the loss of about US$800 million (about NT$23.8 billion) was recognized in a single quarter, accounting for about 10% of the business. The gross profit margin of non-GAAP dropped to 43%, highlighting policy risks have brought a quality impact on operations.
In response to policy challenges, Executive Director Su Zifeng emphasized during his CNBC visit that AMD is actively coordinating with the Trump administration and seeking export permissions for AI chip expansion issues. She pointed out that the MI308 chip sales license has not yet been obtained for the Chinese market, so the company has not included relevant potential investments in the third quarter financial test, showing that AMD has taken prudent attitude towards policy changes.
Despite the short-term pressure bearing, Su Zifeng is still optimistic about AI's long-term growth dynamics. She said that AI business is expected to resume annual growth in the third quarter, and revealed that AMD has planned the deployment of Instinct series GPUs with multiple cloud and AI customers, and MI300 series shipments are also continuing to be promoted.
Under the trend of the United States promoting the return of semiconductor manufacturing, Su Zifeng said that AMD "supports American manufacturing very much" and has transferred some chip production to Arizona. However, she also reminded that globalization is still the current structure of supply chains, and in the short term, we still need to rely on cross-border cooperation and emphasize: "We need all the resources of global supply chains. This is a process of gradually diversification."
Looking ahead to the third quarter, AMD estimated that its operating income would reach US$8.7 billion (about NT$259.2 billion), and non-GAAP gross profit margin is expected to rebound to 54%. With policy uncertainty and conversion strategies in place, the company remains committed to stabilizing the growth curve of its AI business.
AMD CEO Says China AI GPU Licenses Not Granted Yet & Defends Strong Data Center Growth