AMD isn’t doing much in the Internet of Things (IoT), which is Intel’s major expansion area. But Byrne notes that the PC chip market is still a $40-billion-a-year opportunity. He said that AMD has to execute on its upcoming Carrizo family of accelerated processing units (APUs), which will be focused on the mobile-computing market. About 300 million PC processors and 90 million graphics chips are sold each year, and Byrne wants AMD to get its fair share of those sales.

“I’m not in the business to lose money,” Byrne said, in reference to whether AMD will go into the Internet of Things chip market.

But Byrne does believe that virtual reality is just the beginning of a whole new wave of demand for computing products in the future.

We caught up with Byrne this week at the 2015 International CES, the big tech trade show in Las Vegas. Here’s an edited transcript of our interview with Byrne.

http://venturebeat.com/2015/01/11/why-amd-is-staying-out-of-the-internet-of-things-chip-market-interview/