U.S. semiconductor manufacturer AMD (Advanced Micro Devices) plans to invest more than $10 billion (CZK 208.8 billion) in Taiwan to expand existing partnerships and increase capacity for the assembly of artificial intelligence (AI) chips. The company announced this in a press release today.
You might like: Trading vs. Investing
AMD Challenges Nvidia’s Dominance
AMD’s partners include ASE Technology, Powertech Technology, Sanmina, and Inventec. The company aims to strengthen its position in the region. AMD is Nvidia’s main competitor in the field of AI chips, Bloomberg noted.
According to Bloomberg, Taiwan is a key technology and manufacturing hub for the global semiconductor industry. Companies are seeking to increase capacity in response to growing demand for AI. Although Nvidia remains the dominant supplier of AI processors, data center customers are increasingly seeking alternatives, including AMD.
Read more: eToro – Review
The hunger for performance never ceases
“With the growing use of AI, our global customers are rapidly expanding their AI infrastructure to meet the growing demand for computing power,” said CEO Lisa Su, who is currently visiting Taiwan.
According to a forecast by Gartner, global spending on AI is expected to increase by 47 percent this year to nearly $2.6 trillion. Of that, spending on infrastructure is also expected to rise by roughly 47 percent this year to $1.43 trillion, according to the forecast.
Source: Reuters
