AMD plans to invest over $10 billion across Taiwan's AI sector
May 21 (Reuters) - Advanced Micro Devices said on Thursday it would invest more than $10 billion in Taiwan's AI sector to deepen strategic partnerships and boost its capacity to build and assemble advanced AI chips.
Analysts and investors see AMD as a leading challenger to Nvidia's (NASDAQ: NVDA) dominance in the AI chip market.
Here are some details:
• The U.S. chipmaker said it will collaborate with Taiwanese chip packaging and testing provider ASE and its unit SPIL to develop more power-efficient technology for AI systems and processors.
• The new power-efficient technology will support AMD's Venice CPUs, which are being built on Taiwan Semiconductor Manufacturing Co's (TSMC) advanced 2 nanometer process technology.
• AMD said it was also working with Taiwanese partners including PTI, Sanmina, Wiwynn, Wistron and Inventec.
• "As AI adoption accelerates, our global customers are rapidly scaling AI infrastructure to meet growing compute demand," AMD CEO Lisa Su said.
• "By combining AMD leadership in high-performance computing with the Taiwan ecosystem and our strategic global partners, we are enabling integrated, rack-scale AI infrastructure that helps customers accelerate deployment of next-generation AI systems," she added.
• Taiwan plays a pivotal role in the global AI supply chain for companies including Nvidia and Apple (NASDAQ: AAPL). Its position is anchored by the world's largest contract chipmaker, TSMC.
• In a separate statement, AMD also said that it had started ramping up production of the Venice CPUs.
(Reporting by Ananya Palyekar in Bengaluru; Editing by Mrigank Dhaniwala and Sherry Jacob-Phillips)