Advanced Micro Devices (AMD) has announced that Mathew Hein has joined the semiconductor manufacturer as its new Chief Strategy Officer and SVP of Corporate Development.
Hein, who reports directly to CEO Lisa Su, is now responsible for the chipmakerās high-performance and adaptive computing solutions market strategy.
Hein is no stranger to AMDās operations and is expected to hit the ground running as he joins the silicon company from DBO Partners, where he served as the lead advisor to AMD. While at DBO, Hein consulted on several major transactions including AMDās recent acquisition of Xilinx.
He brings extensive experience in strategic planning, business development, technology investment banking and capital raising, as he also previously spent 17 years at Morgan Stanley. While with the banking giant, Hein served as the Managing Director of the Technology Investment Banking Group and Global Head of Semiconductor Banking.
In AMDās , Su called Hein āa seasoned strategist with deep industry experience and a proven track record of architecting transformative growth opportunities.ā She added that he is āa strong addition to our executive team as we continue to grow our business and capitalize on the right opportunities to drive a leadership position and greater market share for our portfolio of high-performance and adaptive products.ā
AMDās new strategy leader joins the company as the red-hot semiconductor market becomes increasingly competitive thanks to growing demand.
āThe need for high-performance and adaptive computing products is only increasing, as the world demands more compute to power every aspect of our daily lives,ā Su said.
The continued encroachment of tech into traditionally analog products, like cars and household appliances, is pushing the semiconductor industry to dizzying heightsāthe sector is expected to be worth more than by 2030, up from around $600 billion in 2021.
It will be up to Hein to capitalize on the expanding semiconductor market to help AMD continue its rapid growth. In the first quarter of 2022, AMD $5.9 billion in revenue, a 77% year-over-year climb.
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