AI Chip Leader 'AMD' Core Executives Dispose of Shares Worth Billions

Advanced Micro Devices, Inc. (AMD) disclosed that on March 4 and 11 its Chief Technology Officer and Executive Vice President & Chief Sales Officer sold portions of their shares on the open market, raising approximately $610,000 and $1.54 million, respectively—about ₩3 billion at current exchange rates. Earlier, on February 15, the EVP overseeing the Data Center business had restricted stock units and performance‐based shares vest, disposing of roughly $6.3 million (₩8 billion) in shares through tax withholding, while increasing his remaining holdings.

Papermaster’s sale was an automatic transaction executed under a 10b5-1 trading plan adopted in November 2025; by contrast, Grasby’s sale was a single‐day trade with no specific plan cited, and Norrod’s transaction was classified as a routine stock‐compensation settlement.

In its early‐February earnings report for Q4 and full‐year 2025, AMD posted record annual revenue of $34.6 billion (about ₩45 trillion), driven by growth in data-center and AI-related products. The company recently unveiled a multi-year AI infrastructure supply agreement with Meta Platforms valued at up to $100 billion over several years and has secured major accelerator contracts aimed at leading tech firms building generative AI data centers.

Headquartered in Santa Clara, California, AMD is a fabless semiconductor company supplying chips for data centers, PCs, and gaming consoles. Its portfolio includes EPYC server CPUs, Radeon graphics processors, and Instinct series AI accelerators. Following the MI300 series, AMD introduced next-generation accelerators such as the MI350 and MI450, and laid out an annual roadmap to strengthen its position in high-performance computing and generative AI infrastructure markets.