Posts about "Chipmaker"

AMD has secured a lucrative multi-year agreement with OpenAI to provide 6GW of compute capacity, potentially earning the semiconductor giant tens of billions of dollars and bolstering its standing in the rapidly growing AI sector.

In a significant financial maneuver, OpenAI has acquired a strategic stake of up to 10% in AMD, prompting a substantial 35% rise in AMD's stock price. This partnership underscores the growing intersection of artificial intelligence and semiconductor technology sectors, reflecting confidence in AMD's future potential and innovation capacity.