Amd Partners With Meta

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Amd Partners With Meta

AMD Partners with Meta

Meta Platforms Inc. is now a customer of AMD for data center chips. The market reciprocated positively to the news and shares of AMD were up by over 11 percent.

The company announced several new chips, assuring to have some gains against rivals in the supercomputing markets and simultaneously have a lead on the smaller competitors in the cloud computing segment.

AMD gained market share in recent years following the comeback of CEO Lisa Su. Over the course of time, it has developed comparatively faster chips. Its x86 chips have a quarter of the market share.

Meta was formerly named Facebook. AMD has deals with several largest customers of Intel. It simultaneously has deals with Azure of Microsoft, Amazon Web Services of Amazon and Google Cloud of Alphabet Inc.

Susquehanna International Group semiconductor analyst Christopher Rolland said Meta has lately ramped up spending in the virtual online world project and AMD seems to be on a winning edge. Investors are gaining confidence and trying to identify the hardware beneficiaries.

AMD announced the MI200 chip that is designed to accelerate the speed of certain tasks including that of artificial intelligence and machine learning. It is learned to take on the A100 chip of Nvidia designed for the same purpose. The new chip will currently be used in the supercomputing system of Oak Ridge Laboratory in Tennessee.

Meanwhile, AMD seems taking a lead over the smaller rivals and this could be the reason for announcing Bergamo, a new central processor. The chip will be equipped with 128 computing cores and could be ready to be shipped next year. It is said to be used in cloud computing companies, which may rent out to outside customers on the basis of core-by-core.

Startup Ampere Computing lately struck a deal with Oracle for cloud service.

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