... for the implementation of sound, long-term tax policies
that promote the global competitiveness of
the U.S. technology industry.
... for the implementation of sound, long-term tax policies that promote the global competitiveness of the U.S. high technology industry.
Member Profile
Devinder Kumar
AMD Executive Vice President, Chief Financial Officer and Treasurer;
Advanced Micro Devices, Inc.
Contact
Education
MBA (Finance) June 1984; Anderson Graduate School of Management, University of California, Los Angeles (UCLA); M.A. (Biology) June 1982; University of California, Santa Barbara (UCSB); B.Sc. (Ecology) First Class Honors June 1980; University of Malaya, Kuala Lumpur, Malaysia
Professional Organizations
Order of Defender of State (D.S.P.N), carrying the title of Dato, issued by the Governor of Penang, Malaysia, July 2011; Board Member of Ciena, a networking systems, services and software company
Background
Mr. Devinder Kumar has held numerous positions during his 38+ year career at Advanced Micro Devices, Inc. (AMD). Driving strategic direction and transformation of a public Fortune 500 company. Strong partnership with CEO and executive team to execute strategy, achieve financial turnaround and revenue diversification over several years, returning company to profitability in 2017, significantly improved profitability in 2018 and increasing market cap by 15X over 4 years. Focused and disciplined P&L and liquidity management to meet financial objectives while funding the long-term engineering and multi-generation product roadmap. Reengineered capital structure with more than $4B of term and convertible debt, equity issuance, refinancing, credit facility and capital market transactions over 6 years. Led transaction for sale of 85% of Assembly and Test sites in Asia to China-based OSAT for more than $440M overall value achieving fabless model for the company with no owned manufacturing facilities. Reduced debt and improved leverage with several credit rating upgrades from rating agencies.
Advanced Micro Devices, Inc.
2485 Augustine Drive
Santa Clara, California 95054
Company Profile
Founded in 1969 as a Silicon Valley start-up, the AMD journey began with dozens of employees focused on leading-edge semiconductor products. From those modest beginnings, AMD has grown into a global company setting the standard for modern computing through major technological achievements and many important industry firsts along the way. Rooted in an innovation-driven culture, AMD employees collaborate every day to maximize the potential of modern computing, utilizing semiconductor innovation to transform how people live, work, learn and play. Today, AMD offers the industry’s broadest portfolio of leadership high-performance and adaptive processor technologies, combining CPUs, GPUs, FPGAs, Adaptive SoCs and deep software expertise to enable leadership computing platforms for cloud, edge and end devices. AMD’s mission is to build great products that accelerate next-generation computing experiences.