AMD CEO Lisa Su downplays the company’s role in crypto mining
Can’t get a new graphics card for your PC? You might be tempted to blame bots, scalpers or cryptocurrency miners for that — but AMD CEO Lisa Su is downplaying the impact of crypto at the 2021 Code Conference today. When asked about how big a deal crypto is for the chipmaker, she told the audience that it’s a rather small part of AMD’s business, called it “a pretty volatile space,” and suggested that it shouldn’t be a focus for AMD going forward either.
That’s not a particularly surprising stance for several reasons. First, what upside there was for GPU makers like AMD and Nvidia has drastically shrunk — GPU prices have slowly been dropping amidst China’s cryptocurrency crackdown, which only got stronger this past week as China’s central…