A

AMD

Designs chips for computers and AI systems

Product Development Engineer Intern/Co-op

Winter 2027, Summer 2027Deadline 8/20/27
No salary listed
Internship
Master's
Rochester, NY, USA+5 moreMore locations: Austin, TX, USA | Longmont, CO, USA | Fishkill, NY, USA | Fort Collins, CO, USA | Boxborough, MA, USA
HybridHybrid or on-site work is required.
Hardware EngineeringHardware Validation & Testing
No H1B Sponsorship

About the job

Requirements
  • You must be currently enrolled at a United States-based university in a Master's degree program majoring in Computer Science, Computer Engineering, Electrical Engineering, or a related field.
  • Relevant knowledge or experience may include C++, Linux, Perl, Ruby, shell scripting, Java, or similar technologies.
  • Relevant knowledge or experience may include GIT, SVN, CVS, RCS, or similar version control systems.
  • Relevant knowledge or experience may include XP, Agile, Scrum, or Kanban programming paradigms.
  • Relevant knowledge or experience may include using logic analyzers, voltmeters, oscilloscopes, and debugging.
  • You should have a solid understanding of transistors and computer fundamentals.
  • Relevant coursework may include computer science, software engineering, digital logic, circuit theory, and computer architecture.
Responsibilities
  • Support Product Development Engineers in characterization and building production test programs through parametric, data, and statistical analysis.
  • Perform engineering and correlation studies to ensure yield and coverage and meet target goals for initiating production ramp.
  • Work with multifunctional teams to resolve production-related issues and improve efficiency.
  • Build and maintain technical documents and debug manufacturing and characterization test programs for next-generation AMD microprocessors.
  • Participate in product debugging and characterization to identify product performance, process, and test sensitivities.

About the company

AMD designs processors, graphics chips and AI accelerators for computer makers, cloud operators and businesses that build electronic devices. Its Ryzen processors power personal computers, while EPYC processors handle work in data centers and Radeon chips render graphics. Instinct accelerators run AI models, paired with software that developers use to train models and put them into production. AMD sells chips and related computing systems through equipment makers, distributors and retail channels, and contracts with outside foundries to fabricate its semiconductor designs. It was founded in 1969 and has its headquarters in Santa Clara, California.

Company Size

10,001+

Company Stage

IPO

Headquarters

Santa Clara, California

Founded

1969

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Simplify's Take

What believers are saying

  • Data centers drive growth: AMD's revenue rose 50% to $11.5 billion in the June 2026 quarter.
  • US learning support is conditional: AMD reimburses up to $5,250 yearly for education, subject to manager approval and funding.
  • Planned demand has an anchor: AMD's July 2026 Anthropic deal targets up to two gigawatts of computing from 2027.

What critics are saying

  • Advanced chip supply relies on one foundry: TSMC makes all AMD processor and graphics wafers at 7nm or smaller.
  • Gaming is shrinking despite AI growth: AMD's gaming revenue fell 31% to $779 million in the June 2026 quarter.
  • Lab work limits location flexibility: AMD lists its Santa Clara optical-interconnect integration engineer role as on-site.

What makes AMD unique

  • Two console families use its designs: AMD designs custom processors for Sony's PlayStation 5 and Microsoft's Xbox Series.
  • Developers inspect its GPU software: AMD's ROCm stack is open source, while Nvidia's CUDA platform remains proprietary.
  • Chip circuitry stays adjustable: AMD sells adaptive processors whose hardware configuration changes after manufacture, without replacing the chip.

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Benefits

  • Hybrid Work Options

Growth & Insights and Company News

6 month growth

-9%

1 year growth

4%

2 year growth

0%
Yahoo Finance
Oct 29th, 2026
AMD Q3 results on November 3: $13B revenue forecast, 41% growth expected

Advanced Micro Devices (AMD) will report third-quarter 2026 results on November 3. Demand for artificial intelligence products has lifted its revenue, profit and share price. AMD forecast revenue of $13 billion, up 41% year-over-year and about 13% from the previous quarter. Data-centre and embedded sales are expected to grow by double digits, while client and gaming sales may dip slightly. Data-centre revenue reached $6.7 billion in the second quarter, up 107%. Server processor sales rose more than 70%. AMD expects an adjusted gross margin of about 56%, up from 54% a year earlier. Analysts expect earnings of $1.68 per share, up about 73%. Wall Street's consensus rating is "Strong Buy.

Yahoo Finance
Oct 27th, 2026
AMD stock could reach $600-$750 by 2030, but another tripling looks unlikely

Advanced Micro Devices (AMD) shares have fallen about 15% from a record closing high of $649.42 on October 6, and now trade above $550. The stock more than tripled over the past 52 weeks, from a low of around $188. Motley Fool analyst Daniel Sparks expects AMD to end 2030 between $600 and $750, a return of roughly 2% to 8% a year. His estimate rests on earnings per share of $20 to $25 and a price-to-earnings ratio of 30. AMD's target is adjusted earnings per share above $20. Warrants for up to 320 million shares, granted to OpenAI and Meta Platforms, could dilute that figure to about $17. Sparks sees AMD's plan as credible but says the price already reflects much of it. He would hold a small position.

Yahoo Finance
Oct 27th, 2026
AMD invests $1B in Meta as Helios racks go live for superintelligence push

AMD said its Helios rackscale systems are now running at Meta, deepening a partnership across chips, networking and software. Initial Helios systems are installed and being tested, with broader deployment expected soon. AMD will also invest $1 billion in Meta's equity offering. AMD EPYC processors power Meta's Muse AI agent, and Meta has deployed millions of them. AMD Instinct GPUs are used in production for training, ranking and recommendation engines, and Meta will deploy a custom Instinct GPU built for its workloads. AMD also provides Day-0 support for Meta models including Muse Spark Open and Muse Glimmer. "We are building and deploying infrastructure at gigawatt scale," said Lisa Su, AMD's chair and chief executive officer.

Yahoo Finance
Oct 26th, 2026
AMD pivots from MI300X chips to Helios AI racks as data center revenue hits $6.7B

AMD has shifted its pitch from a single chip to a full AI rack. On its August 4, 2026 call, management promoted Helios, a rackscale platform combining EPYC Venice CPUs and MI450 series GPUs. In late 2024, it highlighted the MI300X chip. Anthropic will deploy up to 2 gigawatts of MI450 series GPUs in Helios, with the first gigawatt starting in the first half of 2027. Management said revenue per gigawatt is in the double-digit billions. Data center revenue rose 107% year on year to $6.7 billion in fiscal Q2 2026. The segment brought in $16.6 billion in fiscal 2025, or 48.0% of revenue. Helios has no reported sales yet. Initial shipments were due later in the third quarter, and AMD reports in November 2026.

Yahoo Finance
Oct 23rd, 2026
AMD shares fall 8% on Lam Research supply warning; model sees $2,330 by 2030

Advanced Micro Devices (AMD) fell 8.10% to $507.93 on October 22, after chip equipment maker Lam Research said supply constraints held back its guidance. AMD fell harder than the Philadelphia Semiconductor Index (down 6.72%) and NVIDIA (down 4.40%). The drop came entirely from a lower earnings multiple, according to TIKR. AMD's forward price-to-earnings ratio fell from about 55 to about 46, while earnings estimates held near $11 a share. TIKR's mid-case model values the stock at about $2,330 by December 31, 2030, a 359% return. The main risk is delayed rack shipments. AMD reports third-quarter results on November 3.