AMD plans to invest over $10 billion across Taiwan's AI sector


FILE PHOTO: A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

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 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 . 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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