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Investing in AMD Stock in 2022.

Advanced Micro Devices Inc. (AMD) is a major semiconductor company with customers worldwide.

The company designs and develops microprocessors (CPUs), GPUs, server and embedded processors, semi-custom SoC products, and technology for game consoles.

It also offers development services and sometimes sells or licenses portions of its intellectual property (IP) portfolio.

AMD's products are focused on providing high-performance computing capability for 5G and communications infrastructure, AI and analytics, gaming, cloud computing, and more.

AMD was founded by eight individuals, including Jeremiah Sanders, in 1969 as a Silicon Valley startup focused on developing semiconductor products.

It released its first product in 1970 and went public two years later through an initial public offering (IPO) on Sept. 27, 1972.

Throughout the mid-1970s, the company began producing computer chips and was a second-source chip manufacturer.

But in 2008, AMD embarked on a new path. The company announced that it was splitting into two companies. One of those companies retained the name AMD and focused on designing microprocessors.

The other was spun off from AMD and became GlobalFoundries Inc. (GFS), which focused on the costly business of chip manufacturing.

Today, AMD develops high-performance semiconductor products, which are then made into chips by contract manufacturers, for the data center, personal computer (PC), and gaming markets.

Its headquarters are in Santa Clara, California and its chief executive officer (CEO) and chairperson is Dr. Lisa Su.

The company is classified as a member of the technology sector. It operates within the semiconductor industry and its main rivals include Intel Corp. (INTC) and NVIDIA Corp. (NVDA).

AMD generated net income of $3.2 billion on $16.4 billion of net revenue in its 2021 fiscal year (FY), which ended Dec. 25, 2021.

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