PlayStation 4 and Xbox One helped AMD avoid bankruptcy

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Read from tweaktown:

Years ago, AMD wasn't in a good state... back in 2015, AMD reported a revenue slip of 10% because of a shrinking PC market, but that's where Sony stepped in with the PlayStation 4 console. AMD Gaming Client PC Business Lead, Renato Fragale, explained on his LinkedIn: "Managed 15-person product development team for Sony PlayStation 4 (PS4) that has sold over 91Mu to date. Viewed as one of the most successful launches in AMD history, helping AMD to avoid bankruptcy".

AMD didn't just have a semi-custom chip inside of the PS4 at the time, with the previous-gen Xbox One consoles also powered by a semi-custom chip made by AMD. Profit margins weren't huge on the semi-custom designs, but with Microsoft and Sony selling tens of millions of consoles between them -- hell, the PS4 sold 117 million consoles, the Xbox One has sold around 58 million consoles -- and AMD avoided bankruptcy.
 

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It is good to know that AMD avoided bankruptcy by supplying the CPUs for PS4 and Xbox One, so people have another CPU brand to pick from instead of mainly having Intel desktop CPUs to choose from if AMD goes bankrupt, and is forced to exit the desktop CPU market.
 
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