Friday, August 2, 2024

AMD President Victor Peng steps down

AMD President Victor Peng has announced his retirement effective August 30, 2024. He will remain on the AMD executive team in an advisory role to support the transition until his retirement date. Peng played a crucial role in integrating and scaling AMD’s embedded business and leading the company’s AI strategy following the acquisition of Xilinx.

  • Victor Peng re-joined AMD in 2022 after the acquisition of Xilinx, where he served as president and CEO.
  • Under Peng’s leadership, AMD became the top provider of FPGA and adaptive computing solutions.
  • Senior Vice President Vamsi Boppana will expand his responsibilities to include the AMD Instinct data center AI accelerator business.
  • Senior Vice President and General Manager Salil Raje will continue to lead the AMD embedded business, with both Boppana and Raje reporting to CEO Dr. Lisa Su.