Advanced Micro Devices CEO Lisa Su was named Time Magazine’s CEO of the Year for 2024, recognizing her transformative leadership in guiding the semiconductor company through a remarkable decade of growth.
When Su assumed the chief executive role, AMD was struggling, with its stock price hovering around $3 and a minimal presence in the data center chip market. Through a strategic overhaul of product design and customer relationships, Su positioned the company to capitalize on the artificial intelligence boom.
While AMD is based in Santa Clara, California, Su works out AMD’s Austin campus.
Under her leadership, AMD’s market capitalization has surpassed that of rival Intel, reaching a milestone in 2022. The company’s stock price has dramatically increased to approximately $140, reflecting Su’s successful turnaround strategy.
Despite the significant progress, AMD remains the second-largest semiconductor company, trailing behind Nvidia. Nvidia, led by CEO Jensen Huang, has become the world’s largest company by market capitalization and dominates the GPU market for AI data centers.
The Time Magazine recognition highlights Su’s ability to reinvent AMD’s market position and competitive strategy in the rapidly evolving technology landscape.
Su did not immediately comment on the award.