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)

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