financetom
Business
financetom
/
Business
/
AMD chief executive to unveil new AI chips 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AMD chief executive to unveil new AI chips 
Jun 12, 2025 7:20 AM

SAN FRANCISCO, June 12 (Reuters) - Advanced Micro

Devices ( AMD ) CEO Lisa Su is expected to take the stage on Thursday at

a company event in San Jose, California, to discuss the

company's plans for the artificial intelligence chips and

systems it designs.

AMD has struggled to siphon off a portion of the quickly

growing market for artificial intelligence chips from the

dominant Nvidia ( NVDA ). But the company has made a concerted

effort to improve its software and produce a line of chips that

rival Nvidia's ( NVDA ) performance.

During Su's speech, which is set to begin at 9:30 a.m. local

time (1630 GMT), the CEO is expected to detail the company's

forthcoming MI400 series of AI chips, set to launch next year.

AMD has said it will match the annual release schedule that

Nvidia ( NVDA ) began with its Blackwell series of chips.

Thursday's event, called "Advancing AI," will focus on AMD's

data center chips and other hardware.

AMD completed the acquisition of server builder ZT Systems in

March. As a result, AMD is expected to launch new complete AI

systems, similar to several of the server-rack-sized products

Nvidia ( NVDA ) produces.

Santa Clara, California-based AMD has made a series of small

acquisitions in recent weeks and has added talent to its chip

design and AI software teams.

Last week, AMD hired the team from chip startup Untether AI.

On Wednesday AMD said it had hired several employees from

generative AI startup Lamini, including the co-founder and CEO.

AMD's software called ROCm has struggled to gain traction

against Nvidia's ( NVDA ) CUDA, which is seen by some industry insiders

as a key part of protecting the company's dominance.

When AMD reported earnings in May, Su said that despite

increasingly aggressive curbs on AI chip exports to China, AMD

still expected strong double-digit growth from AI chips.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Beyond Oil Announces First Distribution Agreement in Vietnam
Beyond Oil Announces First Distribution Agreement in Vietnam
Sep 29, 2025
11:59 AM EDT, 09/29/2025 (MT Newswires) -- Beyond Oil ( BEOLF ) Monday announced its entry into the Vietnamese market through a new distribution agreement with Trang Anh Manufacturing and Trading. The distribution agreement, dated Sept. 26, 2025, marks Beyond Oil's ( BEOLF ) first commercial presence in Vietnam. It has an initial term of five years and requires the...
MoonLake's SLK Showed Limited Effectivesness in Recent Trials, Impacting Sales, Commercial Outlook, RBC Says
MoonLake's SLK Showed Limited Effectivesness in Recent Trials, Impacting Sales, Commercial Outlook, RBC Says
Sep 29, 2025
11:31 AM EDT, 09/29/2025 (MT Newswires) -- MoonLake Immunotherapeutics' ( MLTX ) SLK showed limited effectiveness in treating hidradenitis suppurativa which is likely to impact its sales and potential in other competitive markets like psoriatic arthritis, RBC Capital Markets said in a note Monday. SLK's phase 3 trial in hidradenitis suppurativa produced mixed results, with one study reaching statistical significance...
LGI Homes Foreclosure Rates 4x Higher Than FHA Average, Hunterbrook Report Alleges
LGI Homes Foreclosure Rates 4x Higher Than FHA Average, Hunterbrook Report Alleges
Sep 29, 2025
Shares of homebuilder LGI Homes Inc ( LGIH ) are trading lower Monday morning after a report by Hunterbrook Media accused the company of luring renters into buying homes they cannot afford through deceptive marketing and aggressive sales tactics. What To Know: The report, titled “Buyer’s Remorse,” alleges LGI Homes ( LGIH ) targets low-income individuals with ads for unrealistically...
Genmab's $8 Billion Bid Represents 'Good Deal' for Merus' Petosemtamab, Truist Says
Genmab's $8 Billion Bid Represents 'Good Deal' for Merus' Petosemtamab, Truist Says
Sep 29, 2025
11:38 AM EDT, 09/29/2025 (MT Newswires) -- Genmab's ( GMAB ) $8 billion offer for Merus (MRUS) represents a good deal that largely reflects the value of Merus' petosemtamab as a treatment for head and neck cancer, Truist Securities said in a Monday note. The all-cash transaction was announced earlier today, under which a Genmab ( GMAB ) unit will...
Copyright 2023-2026 - www.financetom.com All Rights Reserved