AMD President Victor Peng Announces Retirement, Leaving Company in Transition

AMD's President, Victor Peng, will retire in 2024 but will remain in an advisory role, after playing a crucial role in the company's success and integration of Xilinx, with Vamsi Boppana and Salil Raje taking on expanded responsibilities under CEO Dr. Lisa Su's leadership.

Peng's significant impact on AMD, particularly in integrating and scaling their embedded business and spearheading their AI strategy.
His impressive career spanning over 40 years in the tech industry, with expertise in technologies across FPGAs, SoCs, GPUs, and high-performance CPUs.
The strong leadership and experience of Vamsi Boppana and Salil Raje, who will take on expanded roles in the company's executive team.

In a surprising announcement today, AMD revealed that their President, Victor Peng, will be retiring on August 30, 2024. But don’t worry, Peng won’t be disappearing completely. He will still be part of the AMD executive team in an advisory position, providing support during the transition period leading up to his retirement.

Peng’s impact on AMD has been significant. After rejoining the company in 2022 following the acquisition of Xilinx, he played a crucial role in integrating and scaling AMD’s embedded business and spearheading their cross-company AI strategy. Thanks to his leadership, AMD has become the leading provider of FPGA and adaptive computing solutions in the industry.

Dr. Lisa Su, AMD’s Chair and CEO, expressed her gratitude for Peng’s outstanding leadership, stating, “On behalf of the AMD Board, executive leadership team, and the thousands of employees who have worked with him, I want to thank Victor for his outstanding leadership and wish him the best in his retirement.”

Peng’s retirement comes after an impressive career spanning over 40 years in the tech industry. Throughout his tenure, he has been at the forefront of defining and delivering technologies across FPGAs, SoCs, GPUs, and high-performance CPUs. His expertise and experience have undoubtedly played a pivotal role in AMD’s success.

With Peng stepping down, the responsibility for the AMD Instinct data center AI accelerator business will be taken on by Vamsi Boppana, Senior Vice President of the Artificial Intelligence Group (AIG). Boppana, who has been with Xilinx since 2008, brings a wealth of technical and business leadership experience to the role. Currently overseeing cross-company AI software and ecosystem development and AI hardware roadmaps, Boppana is well-equipped to take on this expanded responsibility.

Salil Raje, Senior Vice President and General Manager of the Adaptive and Embedded Computing Group, will continue to lead the AMD embedded business. Both Boppana and Raje will now report directly to Dr. Lisa Su, further strengthening AMD’s leadership team.

As AMD bids farewell to Victor Peng, they enter a new chapter with a restructured executive team. With their continued focus on innovation and technology, AMD shows no signs of slowing down. The tech world eagerly awaits what the future holds for this industry powerhouse.

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Background Information

About AMD: AMD, a large player in the semiconductor industry is known for its powerful processors and graphic solutions, AMD has consistently pushed the boundaries of performance, efficiency, and user experience. With a customer-centric approach, the company has cultivated a reputation for delivering high-performance solutions that cater to the needs of gamers, professionals, and general users. AMD's Ryzen series of processors have redefined the landscape of desktop and laptop computing, offering impressive multi-core performance and competitive pricing that has challenged the dominance of its competitors. Complementing its processor expertise, AMD's Radeon graphics cards have also earned accolades for their efficiency and exceptional graphical capabilities, making them a favored choice among gamers and content creators. The company's commitment to innovation and technology continues to shape the client computing landscape, providing users with powerful tools to fuel their digital endeavors.

Technology Explained

FPGA: Field Programmable Gate Arrays (FPGAs) are a type of technology used in the computer industry. They are integrated circuits that can be programmed to perform specific tasks. FPGAs are used in a variety of applications, including digital signal processing, networking, and embedded systems. They are also used in the development of artificial intelligence and machine learning algorithms. FPGAs are advantageous because they can be reprogrammed to perform different tasks, allowing for greater flexibility and faster development times. Additionally, FPGAs are more energy efficient than traditional processors, making them ideal for applications that require low power consumption.