AMD CEO Lisa Su calls China a 'large opportunity' and warns against strict U.S. chip controls

Advanced Micro Devices CEO Lisa Su said China is a "large opportunity" market for the semiconductor and artificial intelligence industry even as export controls and evolving tariff plans loom over the world's second-largest economy. "There should be a balance between export controls for national security as well as ensuring that we get the widest possible adoption of our technology," Su told CNBC's "Squawk on the Street" on Wednesday. "That's a good thing for U.S. jobs in the U.S. economy." She added that U.S. leadership in artificial intelligence and widespread adoption is the primary objective and a "really great position for us to be in." Su said there is a "balance to be played between" restricting and providing access to chips. The comments come on the heels of the company's fiscal first-quarter results. AMD topped earnings and expectations and issued strong guidance, but said it would see a $1.5 billion hit this year from China export controls. Last month, the company said it ... Read full article.