AMD forecasts strong revenue on data-center, gaming chips demand

FILE PHOTO: A sign of AMD is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. REUTERS/Aly Song

(Reuters) -Advanced Micro Devices Inc on Tuesday projected higher fourth-quarter revenue than market expectations, betting on its ability to overcome a weak supply chain to meet strong demand for chips used in gaming consoles and data center servers.

The company has been redirecting supplies and focusing on selling only its most profitable chips in a bid to tide over the crisis. It has also gained market share from rivals by offering a new series of chips that outpace those from Intel Corp.