Today, we’re learning how big AMD’s gaming business is for the very first time — and the answer is $5 billion a year. That’s how much the company earned in 2021 from the “semi-custom” chips that go into Sony’s PS5, PS4, and every modern Microsoft Xbox, in addition to its discrete GPUs you’ll find in graphics cards and high-end gaming laptops.
It appears to have become quite a profitable business, too — nearly $1 billion in revenue in 2021 — and could exceed that this year: in an earnings call, CEO Lisa Su says the company typically sees its most money from game consoles in the third quarter, and it’s on track for “record semi-custom annual revenue in 2022.”
In 2020, AMD actually lost $138 million on gaming... but in just one year,...
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