AMD Announces Landmark Joint Venture in Saudi Arabia, Driven by Explosive Growth in Data Center Segment

AMD, in partnership with Cisco and HUMAIN, plans to develop up to 1 GW of AI infrastructure in Saudi Arabia by 2030, starting with a 100 MW deployment in 2026. The company will establish an AMD Center of Excellence in Saudi Arabia and maintain steady performance over FY 21-24, achieving a revenue CAGR of 16.2%. Analysts expect AMD's EBIT to rise at a CAGR of 46.5% to USD 19.3bn over FY 24-27, with margins expanding from 23.8% to 31.4%.