https://wccftech.com/amd-posts-all-time-high-revenue-in-fy-2020-earnings-for-45-annual-growth/

Chip designer Advanced Micro Devices Inc (AMD) has released its earnings results for the fourth quarter and full fiscal year 2020 - growing revenue sequentially and year-over-year on both counts. AMD, which earned $2.8 billion during its third quarter of 2020, has posted $3.2 billion in revenue for the previous quarter, marking a 16% sequential growth. For the full year, the company has posted $9.8 billion in revenue, for a staggering 45% growth to end a year that witnessed increased demand for consumer electronics due to remote working and educational demand enforced by the ongoing pandemic.

Today's results come on the back of consistent market share gains for AMD in both its central processing unit (CPU) and graphics processing unit (GPU) segments over traditional competitors Intel Corporation and NVIDIA Corporation, respectively. Several reports have suggested that 2020 was a good year for the Santa Clara designer, with the third quarter of 2020 marking for a 22.4% share of the market -  a record high since the fourth quarter of 2007, and before the company's latest Ryzen 5000 series of processors hit the market.