The company's year-on-year research and development expenses increased by 43% while the total revenue grew by 68% to $16.4 billion.
AMD spent $2.8 billion on research and development in 2021 – 43% more than a year earlier. The information provided by AMD's Form 10-K report discloses that research and development expenses increased by $862 million compared to $2.0 billion in 2020.
At the same time, the amount of AMD's operating expenses over the period did not exceed 24% of total revenue, although it reached 28% a year before. In the fourth quarter of 2021, AMD's gross margin reached 48%, while it was 45% in 2020. This year the company anticipates increasing it to 50.5%, which will allow AMD to compete in this indicator with Intel.
Meanwhile, the company's total net revenue is also on the rise. Over the past year, it increased by 68% to $16.4 billion. AMD previously reported that it expects to increase its total revenue by another 31% to $21.5 billion.
In a statement, AMD's CEO Lisa Su noted that each of the company's business segments has shown great performance over the past year. "We expect another year of significant growth in 2022 as we ramp our current portfolio and launch our next generation of PC, gaming, and data center products,” she said.
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