amd

AMD strikes a deal to sell ZT Systems’ server-manufacturing business for $3B

AI /

Semiconductor giant AMD followed through with its plan to spin out ZT Systems’ server-manufacturing business. AMD announced on Monday that it was selling ZT Systems’ server-manufacturing business to electronic manufacturing services company Sanmina. The $3 billion deal is a mix of cash and stock: $2.25 billion in cash; a $300 million premium, including 50% cash […]

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TensorWave raises $100M to grow its AMD-powered cloud infrastructure

Fundraising /

TensorWave, a data center provider building facilities primarily with AMD hardware, has raised $100 million as it seeks to further build out its data center infrastructure. The funding round was led by Magnetar and AMD Ventures, and brings the company’s total capital raised to $146.7 million, according to Crunchbase. Maverick Silicon, Nexus Venture Partners and

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AMD estimates $800M charge on US license requirement for AI chips

Government & Policy /

AMD says that the U.S. government’s license control requirement for exporting AI chips to China and certain other countries may impact its earnings materially. If AMD doesn’t successfully obtain a license, the company could be on the hook for roughly $800 million in inventory, purchase commitments, and related reserves charges, the company said in a

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Framework’s first desktop PC is optimized for gaming and local AI inference

AI /

Framework, the company that is better known for its modular, repairable laptops, just released its first desktop computer. It’s a small desktop PC that punches above its weight. The most interesting part is what’s inside the device. Framework is one of the first companies to use AMD’s recently announced Strix Halo architecture, also known as

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AMD pulls up the release of its next-gen data center GPUs

Enterprise /

AMD says that it plans to launch its next major data center GPUs, the AMD Instinct MI350 series, sooner than originally announced. During the company’s Q4 2024 earnings call Tuesday, AMD CEO Lisa Su said AMD plans to sample the MI350 with “lead customers” this quarter, and “accelerate” production shipments to “mid-year.” “So, we had

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