From $2 to $760B: The Two Strategic Bets That Fueled Lisa Su's AMD Turnaround
Original: 股價 2 美元到市值破7600 億！蘇姿丰的兩個賭注
Lisa Su saved AMD from near-bankruptcy to a $760B giant by betting on TSMC's advanced nodes and chiplet architecture.
When Lisa Su became AMD's CEO in 2014, the company was near bankruptcy with a $2 stock price. She turned it around through two critical bets: transitioning advanced manufacturing entirely to TSMC, and pioneering the modular "Chiplet" architecture. These strategic moves allowed AMD to leapfrog Intel in performance and efficiency, driving its market cap past $760 billion.
In 2014, when Lisa Su took over as CEO of AMD, this semiconductor veteran was at a historic low point. At the time, AMD was heavily in debt and its products lacked competitiveness; its stock price even fell to around $2, and the market generally believed it was on the verge of bankruptcy. However, under Lisa Su's leadership, AMD not only came back from the dead but now has a market capitalization exceeding $760 billion, with its stock price standing above $470, making it one of the world's top twenty most valuable companies. This greatest comeback in tech history is attributed to two key "big bets" that Lisa Su made back then against all opposition:
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