Jerry Sanders and a few other computer industry experts launched the business in 1969. Memory chips and other computer components were the company's initial offerings. Later, the business entered the microprocessor sector, where it faced off against Intel, the industry leader. AMD saw tremendous expansion and success in the early 2000s, in part because of its dominant position in the PC industry and the popularity of its Athlon and Opteron processors.
But in the drive to build faster and more potent CPUs than Intel, the business faced difficulties in the late 2000s and early 2010s. Thanks to the success of its Ryzen CPUs, which were significantly more competitive with Intel microprocessors in terms of performance in commercial applications, especially cloud applications, AMD was able to regain market share in the late 2010s. Numerous computing devices, such as gaming consoles, laptops, servers, and personal PCs, use AMD processors. After GlobalFoundries was spun out in 2009, the company become fabless, outsourcing its production even though it had previously produced its chips.