AMD CEO Lisa Su announces resignation from Cisco's board of directors

According to news from this site on October 16, AMD CEO Su Zifeng and two others notified Cisco that they hope to leave the board of directors. Su Zifeng, who joined Cisco's board of directors in early 2020, announced her resignation in Cisco's recent SEC filing.

Cisco’s filing with the SEC reads: “On October 4, 2023, Dr. M. Michele Burns, Roderick C. McGeary and Lisa T. Su each informed Cisco Systems that they each Having decided not to stand for election at Cisco's 2023 Annual Meeting of Stockholders, Ms. Burns, Mr. McGeary, and Dr. Su will continue to serve as directors until the end of the 2023 Annual Meeting."

The specific reasons for their resignation are currently unclear. Among the three, Su Zifeng is the only CEO of a high-tech company. When she joined Cisco's board in 2020, AMD was just beginning to take back PC and server market share from Intel.

AMD acquired Pensando in 2022 for US$1.9 billion (note on this site: currently about 13.889 billion yuan) to obtain data processing unit (DPU) technology, which is a type of processing that supports data center connections Servers,

compete to a certain extent with Cisco's data center connectivity products.

Additionally, AMD has also cannibalized Cisco's offerings with the recent launch of its EPYC 8000 series "Siena" processors aimed at communications and edge servers. Therefore, Su Zifeng has at least two conflicts of interest in Cisco.

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