Connect with us

Technology

TI reports Q4 2024 and 2024 financial results and shareholder returns

Published

1 year ago

on

DALLAS, Jan. 23, 2025 /PRNewswire/ — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported fourth quarter revenue of $4.01 billion, net income of $1.21 billion and earnings per share of $1.30. Earnings per share included a 2-cent benefit that was not in the company’s original guidance.

Regarding the company’s performance and returns to shareholders, Haviv Ilan, TI’s president and CEO, made the following comments:

“Revenue decreased 3% sequentially and 2% from the same quarter a year ago.”Our cash flow from operations of $6.3 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $1.5 billion.”Over the past 12 months we invested $3.8 billion in R&D and SG&A, invested $4.8 billion in capital expenditures and returned $5.7 billion to owners.”TI’s first quarter outlook is for revenue in the range of $3.74 billion to $4.06 billion and earnings per share between $0.94 and $1.16. We now expect our 2025 effective tax rate to be about 12%.”

Free cash flow, a non-GAAP financial measure, is cash flow from operations less capital expenditures.

Earnings summary

(In millions, except per-share amounts)

Q4 2024

Q4 2023

Change 

Revenue

$

4,007

$

4,077

(2) %

Operating profit

$

1,377

$

1,533

(10) %

Net income

$

1,205

$

1,371

(12) %

Earnings per share

$

1.30

$

1.49

(13) %

 

Cash generation

Trailing 12 Months

(In millions)

Q4 2024

Q4 2024

Q4 2023

Change 

Cash flow from operations

$

1,998

$

6,318

$

6,420

(2) %

Capital expenditures

$

1,192

$

4,820

$

5,071

(5) %

Free cash flow

$

806

$

1,498

$

1,349

11 %

Free cash flow % of revenue

9.6 %

7.7 %

 

Cash return

Trailing 12 Months

(In millions)

Q4 2024

Q4 2024

Q4 2023

Change 

Dividends paid

$

1,240

$

4,795

$

4,557

5 %

Stock repurchases

$

537

$

929

$

293

217 %

Total cash returned

$

1,777

$

5,724

$

4,850

18 %

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Income

For Three Months Ended

December 31,

For Years Ended

December 31,

(In millions, except per-share amounts)

2024

2023

2024

2023

Revenue

$

4,007

$

4,077

$

15,641

$

17,519

Cost of revenue (COR)

1,693

1,646

6,547

6,500

Gross profit

2,314

2,431

9,094

11,019

Research and development (R&D)

491

460

1,959

1,863

Selling, general and administrative (SG&A)

446

438

1,794

1,825

Restructuring charges/other

—

—

(124)

—

Operating profit

1,377

1,533

5,465

7,331

Other income (expense), net (OI&E)

112

113

496

440

Interest and debt expense

130

98

508

353

Income before income taxes

1,359

1,548

5,453

7,418

Provision for income taxes

154

177

654

908

Net income

$

1,205

$

1,371

$

4,799

$

6,510

Diluted earnings per common share

$

1.30

$

1.49

$

5.20

$

7.07

Average shares outstanding:

   Basic

912

908

912

908

   Diluted

919

915

919

916

Cash dividends declared per common share

$

1.36

$

1.30

$

5.26

$

5.02

Supplemental Information

Provision for income taxes is based on the following:

Operating taxes (calculated using the estimated annual effective tax rate)

$

170

$

180

$

743

$

974

Discrete tax items

(16)

(3)

(89)

(66)

Provision for income taxes (effective taxes)

$

154

$

177

$

654

$

908

A portion of net income is allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents. Diluted EPS

is calculated using the following:

Net income

$

1,205

$

1,371

$

4,799

$

6,510

Income allocated to RSUs

(7)

(7)

(24)

(33)

Income allocated to common stock for diluted EPS

$

1,198

$

1,364

$

4,775

$

6,477

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Balance Sheets

December 31,

(In millions, except par value)

2024

2023

Assets

Current assets:

   Cash and cash equivalents

$

3,200

$

2,964

   Short-term investments

4,380

5,611

   Accounts receivable, net of allowances of ($21) and ($16)

1,719

1,787

   Raw materials

395

420

   Work in process

2,214

2,109

   Finished goods

1,918

1,470

   Inventories

4,527

3,999

   Prepaid expenses and other current assets

1,200

761

   Total current assets

15,026

15,122

Property, plant and equipment at cost

15,254

13,268

   Accumulated depreciation

(3,907)

(3,269)

   Property, plant and equipment

11,347

9,999

Goodwill

4,362

4,362

Deferred tax assets

936

757

Capitalized software licenses

257

223

Overfunded retirement plans

233

173

Other long-term assets

3,348

1,712

Total assets

$

35,509

$

32,348

Liabilities and stockholders’ equity

Current liabilities:

   Current portion of long-term debt

$

750

$

599

   Accounts payable

820

802

   Accrued compensation

839

836

   Income taxes payable

159

172

   Accrued expenses and other liabilities

1,075

911

   Total current liabilities

3,643

3,320

Long-term debt

12,846

10,624

Underfunded retirement plans

110

108

Deferred tax liabilities

53

63

Other long-term liabilities

1,954

1,336

Total liabilities

18,606

15,451

Stockholders’ equity:

   Preferred stock, $25 par value. Shares authorized – 10; none issued

—

—

   Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741

1,741

1,741

   Paid-in capital

3,935

3,362

   Retained earnings

52,262

52,283

   Treasury common stock at cost

   Shares: 2024 – 830; 2023 – 832

(40,895)

(40,284)

   Accumulated other comprehensive income (loss), net of taxes (AOCI)

(140)

(205)

Total stockholders’ equity

16,903

16,897

Total liabilities and stockholders’ equity

$

35,509

$

32,348

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Cash Flows

For Three Months Ended

December 31,

For Years Ended

December 31,

(In millions)

2024

2023

2024

2023

Cash flows from operating activities

   Net income

$

1,205

$

1,371

$

4,799

$

6,510

   Adjustments to net income:

   Depreciation

416

322

1,508

1,175

   Amortization of capitalized software

19

15

72

63

   Stock compensation

78

68

387

362

   (Gains) losses on sales of assets

(1)

1

(127)

—

   Deferred taxes

(21)

(140)

(210)

(299)

   Increase (decrease) from changes in:

   Accounts receivable

143

189

68

108

   Inventories

(231)

(91)

(528)

(1,242)

   Prepaid expenses and other current assets

76

8

7

46

   Accounts payable and accrued expenses

87

(10)

125

(33)

   Accrued compensation

115

126

(12)

29

   Income taxes payable

110

58

597

(7)

   Changes in funded status of retirement plans

31

(4)

33

45

   Other

(29)

11

(401)

(337)

Cash flows from operating activities

1,998

1,924

6,318

6,420

Cash flows from investing activities

   Capital expenditures

(1,192)

(1,148)

(4,820)

(5,071)

   Proceeds from asset sales

1

—

195

3

   Purchases of short-term investments

(909)

(2,565)

(9,716)

(12,705)

   Proceeds from short-term investments

2,726

3,411

11,187

13,387

   Other

(12)

(9)

(48)

24

Cash flows from investing activities

614

(311)

(3,202)

(4,362)

Cash flows from financing activities

   Proceeds from issuance of long-term debt

—

—

2,980

3,000

   Repayment of debt

(300)

—

(600)

(500)

   Dividends paid

(1,240)

(1,181)

(4,795)

(4,557)

   Stock repurchases

(537)

(65)

(929)

(293)

   Proceeds from common stock transactions

87

45

517

263

   Other

(11)

(14)

(53)

(57)

Cash flows from financing activities

(2,001)

(1,215)

(2,880)

(2,144)

Net change in cash and cash equivalents

611

398

236

(86)

Cash and cash equivalents at beginning of period

2,589

2,566

2,964

3,050

Cash and cash equivalents at end of period

$

3,200

$

2,964

$

3,200

$

2,964

Supplemental cash flow information

   Investment tax credit (ITC) used to reduce income taxes payable

$

56

$

—

$

588

$

—

Total cash benefit related to the U.S. CHIPS and Science Act

$

56

$

—

$

588

$

—

 

Quarterly segment results 

(In millions)

Q4 2024

Q4 2023

Change 

Analog:

   Revenue

$

3,174

$

3,120

2 %

   Operating profit

$

1,237

$

1,280

(3) %

Embedded Processing:

   Revenue

$

613

$

752

(18) %

   Operating profit

$

58

$

195

(70) %

Other:

   Revenue

$

220

$

205

7 %

   Operating profit*

$

82

$

58

41 %

    * Includes restructuring charges/other.

 

Annual segment results

(In millions)

2024

2023

Change 

Analog:

   Revenue

$

12,161

$

13,040

(7) %

   Operating profit

$

4,608

$

5,821

(21) %

Embedded Processing:

   Revenue

$

2,533

$

3,368

(25) %

   Operating profit

$

352

$

1,008

(65) %

Other:

   Revenue

$

947

$

1,111

(15) %

   Operating profit*

$

505

$

502

1 %

    * Includes restructuring charges/other.

 

Non-GAAP financial information

This release includes references to free cash flow and ratios based on that measure. These are financial measures that were not prepared in accordance with GAAP. Free cash flow was calculated by subtracting capital expenditures from the most directly comparable GAAP measure, cash flows from operating activities (also referred to as cash flow from operations).

We believe that free cash flow and the associated ratios provide insight into our liquidity, our cash-generating capability and the amount of cash potentially available to return to shareholders, as well as insight into our financial performance. These non-GAAP measures are supplemental to the comparable GAAP measures.

Reconciliation to the most directly comparable GAAP measures is provided in the table below.

For Years Ended

December 31,

(In millions)

2024

2023

Change 

Cash flow from operations (GAAP)*

$

6,318

$

6,420

(2) %

Capital expenditures

(4,820)

(5,071)

Free cash flow (non-GAAP)

$

1,498

$

1,349

11 %

Revenue

$

15,641

$

17,519

Cash flow from operations as a percentage of revenue (GAAP)

40.4 %

36.6 %

Free cash flow as a percentage of revenue (non-GAAP)

9.6 %

7.7 %

* Includes a cash benefit of $588 million from the U.S. CHIPS and Science Act ITC used to reduce income taxes

payable for 2024.

This release also includes references to operating taxes, a non-GAAP term we use to describe taxes calculated using the estimated annual effective tax rate, a GAAP measure that by definition does not include discrete tax items. We believe the term operating taxes helps to differentiate from effective taxes, which include discrete tax items.

Notice regarding forward-looking statements

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or our management:

Economic, social and political conditions, and natural events in the countries in which we, our customers or our suppliers operate, including global trade policies;Market demand for semiconductors, particularly in the industrial and automotive markets, and customer demand that differs from forecasts;Our ability to compete in products and prices in an intensely competitive industry;Evolving cybersecurity and other threats relating to our information technology systems or those of our customers, suppliers and other third parties;Our ability to successfully implement and realize opportunities from strategic, business and organizational changes, or our ability to realize our expectations regarding the amount and timing of associated restructuring charges and cost savings;Our ability to develop, manufacture and market innovative products in a rapidly changing technological environment, our timely implementation of new manufacturing technologies and installation of manufacturing equipment, and our ability to realize expected returns on significant investments in manufacturing capacity;Availability and cost of key materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology;Our ability to recruit and retain skilled personnel and effectively manage key employee succession;Product liability, warranty or other claims relating to our products, software, manufacturing, delivery, services, design or communications, or recalls by our customers for a product containing one of our parts;Compliance with or changes in the complex laws, rules and regulations to which we are or may become subject, or actions of enforcement authorities, that restrict our ability to operate our business or subject us to fines, penalties or other legal liability;Changes in tax law and accounting standards that impact the tax rate applicable to us, the jurisdictions in which profits are determined to be earned and taxed, adverse resolution of tax audits, increases in tariff rates, and the ability to realize deferred tax assets;Financial difficulties of our distributors or semiconductor distributors’ promotion of competing product lines to our detriment; or disputes with current or former distributors;Losses or curtailments of purchases from key customers or the timing and amount of customer inventory adjustments;Our ability to maintain or improve profit margins, including our ability to utilize our manufacturing facilities at sufficient levels to cover our fixed operating costs, in an intensely competitive and cyclical industry and changing regulatory environment;Our ability to maintain and enforce a strong intellectual property portfolio and maintain freedom of operation in all jurisdictions where we conduct business; or our exposure to infringement claims;Instability in the global credit and financial markets; andImpairments of our non-financial assets.

For a more detailed discussion of these factors, see the Risk factors discussion in Item 1A of TI’s most recent Form 10-K. The forward-looking statements included in this release are made only as of the date of this release, and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. If we do update any forward-looking statement, you should not infer that we will make additional updates with respect to that statement or any other forward-looking statement.

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.

TXN-G

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ti-reports-q4-2024-and-2024-financial-results-and-shareholder-returns-302359040.html

SOURCE Texas Instruments Incorporated

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

CM Global Services Announces Project Santos, a Planned 50-Megawatt AI Data Center Campus in ERCOT South

Published

6 minutes ago

on

July 23, 2026

By

CM Global Services targets a site and engages with strategic partners to become operational in the AI data center space.

DENVER, July 23, 2026 /PRNewswire/ — CM Global Services, LLC (CMGS) today announced Project Santos, its plan to develop a 50-megawatt AI data center campus for a site in the ERCOT South grid zone. CMGS is a long-standing strategic partner of Compass Mining, Inc. and is a global provider of logistics, hardware sales, and infrastructure services, with a growing focus on AI infrastructure and building site development. The announcement was made by Shanon Squires, Chief Mining Officer of Compass Mining, during a panel on bitcoin mining companies diversifying into AI infrastructure at the Energy Investors Forum.

CMGS intends to deliver Project Santos in two phases. The first phase, a 7-megawatt, 5 MW of IT Load Tier III facility purpose-built for AI inference workloads, is targeted for completion by the end of the first quarter of 2027. A subsequent 43-megawatt expansion, bringing the site to its fully planned 50-megawatt capacity

“This is a disciplined next step for CM Global Services, drawing upon its expertise in standing up infrastructure, while Compass Mining simultaneously continues to be the gold standard in Bitcoin mining-related services,” said Shanon Squires. “Bitcoin mining remains the core of Compass Mining. CMGS’ Project Santos reflects the power infrastructure and site development discipline CMGS built over years, and we’re pursuing this initiative on our own terms.”

“This is a new step forward for CMGS, as we continue building for the future,” said Vishnu Mackenchery, Managing Director at CMGS. “Project Santos marks our entry into AI infrastructure and inference, and we’re charting our own path, moving fast to get there.”

GPU-as-a-Service for Enterprise and Neocloud Customers

Project Santos is being developed as a GPU-as-a-Service (GPUaaS) platform. Rather than requiring customers to bring their own hardware, CMGS is securing NVIDIA GB300 Blackwell GPU capacity to offer directly to off-takers as dedicated, single-tenant or multi-tenant compute. The company’s ideal customer profile is AI enterprise organizations seeking dedicated capacity, and CMGS is also in active discussions with neocloud providers.

Project Status

Site: located in the ERCOT South grid zoneCompute: CMGS is securing NVIDIA GB300 Blackwell GPU capacity to offer as GPU-as-a-Service to off-takersTotal planned capacity: 50 megawatts, 35 MW of IT to be delivered in two phasesPhase 1: 7 megawatts, 5 MW of IT load Tier III, targeted for completion by end of Q1Phase 2: adding a 43-megawatt expansion, 30 MW of IT load with utility-supported expansionCustomer profile: AI enterprise companies are the ideal customer; CMGS is also in active discussions with neocloud providers

About CMGS

CM Global Services (CMGS) is a global provider of logistics, hardware sales, and infrastructure services, with a growing focus on AI infrastructure and building site development. CMGS supports clients with end-to-end logistics solutions, hardware procurement, and site-level execution for next-generation compute infrastructure.

About CMGS and Compass Mining Partnership

Compass Mining serves as a strategic partner and advisor to CM Global Services (CMGS), supporting its growth across global logistics, hardware sales, and infrastructure services. As CMGS expands its focus into AI infrastructure and site development, Compass Mining’s guidance helps shape its strategic direction and execution. Together, the two organizations continue to collaborate on delivering end-to-end solutions for clients building next-generation compute infrastructure.

Disclaimer

This communication contains forward-looking statements relating to a potential closing of a transaction. There can be no assurance that the proposed transaction will be completed on the terms described, or at all. Forward-looking statements are subject to significant business, economic, and competitive uncertainties, many of which are beyond our control. This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of the company. Furthermore, investing in or engaging with our company involves substantial risk, and past performance or previous communications are not indicative of future results. There is no guarantee, assurance, or warranty that any specific financial outcome, return on investment, or overall results will be achieved. Actual results may differ materially and adversely from those expressed, projected, or implied in any forward-looking statements. Investors and stakeholders should not rely solely on preliminary press releases regarding potential transactions or projected financial metrics when making investment decisions. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Prospective investors are strongly encouraged to conduct their own independent due diligence and consult with a qualified, independent financial or legal advisor prior to making any investment.

Contact
All inquiries can be made to: Santos@CMGlobalServices.io 

View original content:https://www.prnewswire.com/news-releases/cm-global-services-announces-project-santos-a-planned-50-megawatt-ai-data-center-campus-in-ercot-south-302833610.html

SOURCE CM Global Services

Continue Reading

Technology

Advantech Unveils Next-Gen AI Infrastructure Solutions Powered by AMD EPYC™ 9006 Series Processors

Published

6 minutes ago

on

July 23, 2026

By

TAIPEI, July 23, 2026 /PRNewswire/ — Advantech, a global leader in industrial edge computing and edge AI solutions, today announced its next-generation server and network platforms powered by the latest AMD EPYC™ 9006 Series processors. Designed to accelerate AI infrastructure from the data center to the intelligent edge, Advantech’s 6th Gen AMD EPYC-powered servers deliver the performance, scalability, and reliability organizations need for AI, HPC, storage, networking, and mission-critical industrial workloads.

At AMD Advancing AI 2026, Advantech will showcase its latest 2U 4-node edge server and EATX server board, demonstrating how its workload-ready server solutions enable customers to build scalable, high-performance AI and edge computing infrastructure with greater deployment confidence.

Continuing Performance Leadership with AMD EPYC 9006 Series Processors

6th Gen AMD EPYC server CPUs bring continued leadership in performance, efficiency, memory bandwidth, and next-generation I/O. Featuring up to 128 cores and 256 threads, advanced 2nm process technology, “Zen 6” and “Zen 6c” architecture, up to 20% average generational performance uplift, and up to 20% performance-per-watt improvement, AMD EPYC 9006 Series processors are designed to support more virtual machines, higher throughput, and better system efficiency. With up to 128 PCIe Gen6 lanes per CPU, CXL™ 3.1 memory expansion, and support for DDR5 8000NHz and MRDIMM 12800MHz for high memory bandwidth, Advantech edge server solutions deliver balanced compute, memory, and I/O performance for next-generation AI, telco, edge, and storage infrastructure.

Key Features Include:

Up to 128 cores / 256 threads with “Zen 6” and “Zen 6c” architectureAdvanced 2nm process technology for improved performance and efficiencyUp to 20% average generational performance uplift and 20% performance-per-watt improvementDDR5-8000 and MRDIMM 12.8G support for higher memory bandwidth and capacityPCIe® Gen6 scalability: up to 128 lanes for 1 CPU and up to 196 lanes for 2 CPUsCXL™ 3.1 support for optimized memory expansion

Comprehensive Edge Server Solutions from Edge to Cloud

Advantech’s edge server portfolio powered by AMD EPYC™ 9006 Series processors delivers a complete board-to-system lineup for AI infrastructure, data centers, cloud, HCI, HPC, edge computing, industrial applications, and high-performance networking. The first-wave portfolio includes:
(1) The SKY-642E5, 4U MGX GPU server, for large-scale AI acceleration
(2) The SKY-722E5, 2U DC-MHS server with DC-SCM support, for modular data center and edge AI deployments
(3) The SKY-712E5, 1U DC-MHS server, supporting HHHL and FH-3/4L expansion cards for high-density enterprise edge and cloud workloads
(4) The SKY-822E5, 2U short-depth DC-SCM modular server, supporting 2–3 dual-slot GPU cards for space-constrained edge data centers
(5) The SKY-924E5F, 2U 4-node front-access server, for distributed edge computing,
(6) The ASMB-982 & ASMB-832 server boards for flexible, high-expandability system designs.

These new platforms also support PCIe Gen6 scalability, GPU-optimized architecture, advanced DDR5/MRDIMM memory, and AFA-ready high-density E1.S/E3.S NVMe SSD storage to meet low-latency data access, high-throughput storage performance, and scalable infrastructure for data-intensive AI and edge-cloud workloads.

Expanding the portfolio further, Advantech also introduces the FWA-6084, the 2U network appliance and is designed for demanding network security and edge AI workloads. It features DDR5/MRDIMM memory capability, eight Gen6 network module cards, and one PCIe Gen5 x16 slot for GPU or add-on card expansion. It is well positioned to support line-speed multiple 200G network workloads without compromise.

Together with Advantech’s unique service advantages—including 3-5-10 service guarantee, strict revision control, stable component supply, worldwide local support, and custom-ready integration—the new portfolio supports customers reduce deployment risk, secure long-term product roadmaps, and accelerate workload-ready AI and edge-cloud infrastructure from concept to deployment.

Explore more product information, please contact us or visit the Advantech x AMD website.

About Advantech

Advantech is a global leader in IoT intelligent systems and embedded platforms, driven by its vision of “Enabling an Intelligent Planet.” To address the growth of edge computing and AI, Advantech focuses on five key markets: Edge Intelligence Systems, Manufacturing, Energy and Utilities, iHealthcare, and iCity Services & iRetail. By integrating edge computing hardware, WISE-IoT software, sector-specific AI solutions, and domain expertise, Advantech creates an orchestration model that connects industrial ecosystems and accelerates industrial intelligence with partners and customers.(www.advantech.com) 

View original content to download multimedia:https://www.prnewswire.com/news-releases/advantech-unveils-next-gen-ai-infrastructure-solutions-powered-by-amd-epyc-9006-series-processors-302833283.html

SOURCE Advantech Co., Ltd.

Continue Reading

Technology

MulticoreWare and AMD Collaborate to Advance Physical AI and Autonomous Robotics on AMD Platforms

Published

6 minutes ago

on

July 23, 2026

By

Companies Demonstrated Real-Time Multimodal AI and Vision-Language-Action Workflows on AMD Ryzen™ AI Platforms at AMD Advancing AI 2026

SAN JOSE, Calif., July 23, 2026 /PRNewswire/ — MulticoreWare, Inc., a global technology company specializing in AI software solutions, physical AI, accelerated computing, and engineering services, today announced its ongoing collaboration with AMD to advance autonomous robotics and edge intelligence on AMD platforms.

As part of this collaboration, MulticoreWare joined AMD at AMD Advancing AI 2026 to present ‘Enabling Physical AI on AMD’, demonstrating how advanced vision, language, and action (VLA) models can drive real-time robotic intelligence on AMD Ryzen™ AI Embedded platforms.

As AI increasingly moves from the cloud into robots, autonomous systems, and intelligent edge devices, organizations need efficient ways to run sophisticated AI models closer to where decisions need to be made. Together, AMD and MulticoreWare are helping developers bring advanced perception, reasoning, and action capabilities to AMD-powered systems.

At AMD Advancing AI 2026, AMD and MulticoreWare demonstrated how multimodal VLA models run on AMD Ryzen™ AI Embedded integrated GPUs using AMD ROCm™, enabling robots to perceive, reason, and act in real time. The session showcased practical guidance for AI developers, robotics engineers, and innovators building next-generation intelligent machines on AMD Embedded platforms.

“Physical AI is reshaping how machines perceive, decide and act in the real world,” said Sumit Shah, Head of Product Management and Marketing, Adaptive and Embedded Computing Group, AMD. “AMD Ryzen™ AI Embedded X100 Series processors deliver a scalable, open x86 Embedded platform that unifies AI, real-time control and industrial reliability to enable the generation of autonomous systems without locking developers into a single compute architecture or software stack.”

“A Physical AI system depends on a tightly integrated loop between perception and actuation. It must operate in real time, on real hardware, and in environments that are inherently unpredictable,” said Vish Rajalingam, VP & GM, Mobility and Transportation BU at MulticoreWare. “That makes it a hardware-software co-design challenge, not simply an AI inference problem. Building on the open-source AMD Robotics Software Suite, we work closely with OEMs to optimize the entire stack so that latency, reliability and accuracy targets are consistently achieved in production environments. That’s the integration MulticoreWare and AMD deliver together to move intelligent robotic systems from prototype to deployment.”

This session builds on more than 15 years of collaboration, with MulticoreWare delivering software optimization, AI, and engineering expertise across the AMD ecosystem, including Ryzen™ AI, Ryzen™, AMD EPYC™, AMD Instinct™, AMD Radeon™, and adaptive computing technologies.

About MulticoreWare

MulticoreWare, Inc. is a global technology company delivering AI software solutions and engineering services that accelerate innovation in Physical AI, Agentic AI, Robotics, Edge Intelligence, and Accelerated Computing. With expertise in multimodal AI, Vision-Language-Action (VLA) models, sensor perception and fusion, AI optimization, embedded systems, and high-performance software, MulticoreWare helps customers transform advanced AI technologies into production-ready solutions. Its innovations power applications across automotive, robotics, industrial automation, smart cities, healthcare, defense, and intelligent edge devices, while its video codec technologies enable next-generation video experiences worldwide.
www.multicorewareinc.com

AMD, the AMD Arrow logo, EPYC, Instinct, Radeon, Ryzen and combinations thereof are trademarks of Advanced Micro Devices, Inc.

Contact:
Suchithra Thyagarajan
VP – Corporate Marketing
marcom@multicorewareinc.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/multicoreware-and-amd-collaborate-to-advance-physical-ai-and-autonomous-robotics-on-amd-platforms-302831974.html

SOURCE MulticoreWare Inc.

Continue Reading

Trending