How AMD Is Trying To Press Its Advantage Against Intel — And Boost Its Stock Price [Fortune]
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Source: Fortune
Trying to gain an edge over rival Intel , Advanced Micro Devices on Tuesday announced new chips that will be available in the coming years and a deal to supply Amazon with microprocessors for its cloud servers. The news sent AMD’s shares up 6% in midday trading. The new chips mark shot improvements on CEO Lisa Su’s multi-year plan to emphasize higher performing chips, instead of just lower cost imitations of rivals’ products. And they should give the company a strong base to attack Intel’s near 99% market share in chips for corporate and cloud data centers. AMD unveiled a new series of graphics processing chips, which can also be used for many machine learning and A.I. computing tasks, called the Radeon Instinct MI60 and MI50. They are the first graphics chips for datacenters that are manufactured using the semiconductor industry’s new process for packing more circuits on a chip, called 7 nanometer scale, which should make them more efficient and faster. And startin
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