Lisa Su meets China's vice premier in Beijing

Lisa Su, chief executive of Advanced Micro Devices, met Chinese Vice Premier He Lifeng in Beijing on May 18, according to a Xinhua report carried by People’s Daily. The report said the meeting took place at the Great Hall of the People and focused on China-U.S. economic and trade ties as Beijing courts multinational companies amid continued pressure on the semiconductor supply chain. Lisa Su said AMD would continue expanding its business in China and keep increasing investment there, according to the state-media account. The meeting followed Su’s recent public comments that China remains a large market opportunity for the chip industry despite U.S. export controls. ### Which Chinese official met Lisa Su, and what did Beijing say? He Lifeng, a member of the Communist Party Politburo and a vice premier of China’s State Council, met Su on the afternoon of May 18 in Beijing, the Xinhua report said. The state-media dispatch identified Su by her Chinese name, Su Zifeng, and described her as chair and chief executive of AMD. Xinhua said He told Su that a meeting between the Chinese and U.S. presidents in Beijing last week had produced “a series of important consensuses.” He said economic and trade teams from the two countries had reached “overall balanced and positive outcomes,” and added that those results would bring more certainty and stability to future China-U.S. trade cooperation and the world economy, according to the report. (politics.people.com.cn) ### What did Lisa Su say in the meeting? Lisa Su “positively evaluated” the results of the leaders’ meeting and said AMD was willing to continue broadening its business in China and keep increasing investment in the country, according to Xinhua’s account. The report did not give further detail on specific projects, products or investment amounts. AMD’s corporate biography identifies Su as the company’s chair and chief executive officer. (politics.people.com.cn) The company did not immediately provide, in the sources reviewed, a separate public statement on the May 18 meeting. ### How does this fit with AMD’s earlier China messaging? March 24, 2024 is the last clearly documented prior meeting in the sources reviewed between Su and a senior Chinese economic official. China’s Commerce Ministry said then that Minister Wang Wentao met Su and discussed China-U.S. trade and economic relations and AMD’s development in China. (politics.people.com.cn) The ministry said at the time that Su described China as a priority in AMD’s global strategy and said the company would continue increasing investment in China and work with Chinese partners to provide better products and services for the market. (amd.com) May 7, 2025 offers the clearest recent public statement from Su on China policy in the sources reviewed. In an interview with CNBC, she called China a “large opportunity” for the semiconductor and artificial intelligence industry and said there should be a balance between export controls for national security and broad adoption of U.S. technology. ### What pressure is AMD under from U.S. export controls? (english.mofcom.gov.cn) May 5, 2026 is when AMD said it expected a $1.5 billion hit this year from China export controls, according to CNBC’s summary of Su’s remarks after first-quarter results. CNBC also reported that AMD had said in April it would incur up to $800 million in costs tied to shipping MI308 products to China and other countries. February 3, 2026 was when AMD said its first-quarter 2026 revenue outlook included about $100 million of Instinct MI308 sales to China. (cnbc.com) The company also said full-year 2025 results included about $440 million in net inventory and related charges as a result of U.S. export controls on MI308 data-center GPU products. ### Why does a Beijing meeting matter for AMD now? (cnbc.com) China remains part of AMD’s public growth story even as Washington tightens controls on advanced chip exports. Su’s comments in Beijing and on CNBC show the company is still presenting China as an important market while navigating U.S. licensing rules and broader trade friction. That reading is based on Su’s own public statements and the Chinese government’s account of the meeting. (amd.com) May 5, 2026 was also when AMD reported first-quarter revenue of $10.253 billion and said it expected about $11.2 billion in second-quarter revenue, plus or minus $300 million. Those figures set the next reporting marker for investors tracking whether AMD can offset China-related restrictions with growth elsewhere. (amd.com) (politics.people.com.cn)