Advanced Micro Devices, Inc. (AMD) is one of the world's largest multinational manufacturers of semiconductors in the world based in California, which has been developing computer processors and related technologies for business and consumer markets since 1969. AMD's main products include microprocessors, motherboard chipsets, embedded processors, graphics processors, and FPGAs for servers, workstations, personal computers, and embedded system applications. They design and integrate technology that powers millions of intelligent devices, including personal computers, game consoles, and cloud servers that define the new era of surround computing. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology.

In the beginning of 2022, AMD completed the largest Chip Deal in history by acquainting Xilinx for $49B. With the acquisition, AMD is expanding beyond its purview of CPUs and GPUs with a large portfolio of reprogrammable chips called field programmable gate arrays (FPGAs), that it says will significantly expand the company’s opportunities in data centers, embedded computing, and telecommunications.

AMD opened a SoftDev office in Armenia in 2019 and now it plans to expand it. The company's vice-president for corporate affairs noted that they have 85 employees and their goal is to triple that number in 4-5 years. He noted that Armenia is one of their preferred destinations as you can find many really smart people who have good knowledge.

The Armenian IT sector has shown unprecedented annual growth of 23% on average. Over the past two years, more than 20 start-up companies in Armenia have together received $700mln of investment. Armenian start-ups are exempt from taxes on business, and the income tax for employees is 10%. NVIDIA, Adobe, Synopsis, AMD, TeamViewer, Renderforest, Miro, and BostonGenes - this is just a small amount of the world's IT-influential companies that have chosen Armenia as the next location for their offices, branches, analytical and R&D centers.