AMD revenue drops 9% as PC chip sales decline sharply

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AMD revenue drops 9% as PC chip sales decline sharply
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AMD's report comes as the PC industry is in a deep slump, with shipments dropping 30% in the first quarter, according to IDC.

AMD's data center segment grew a tiny bit during the year, to $1.295 billion from $1.293 billion last year.

AMD's gaming segment, which includes graphics processors for PCs as well as chips for consoles like Sony Playstation 5, reported $1.76 billion in sales, down slightly from last year's $1.88 billion mark. While the results showed a lack of growth, they came during a tough time for chipmakers. Last week, Intel, AMD's primary competitor in the PC and server chip markets,

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