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US markets traded mixed on Wednesday as renewed selling in technology stocks — led by a sharp fall in Advanced Micro Devices — weighed on sentiment despite gains in several non-tech sectors, according to AP.Advanced Micro Devices plunged 15.7% even after reporting stronger quarterly profit than analysts expected and issuing revenue guidance for early 2026…
AMD CEO Lisa Su recently spoke about the impact of AI on hiring. Speaking at the ongoing Consumer Electronics Show (CES) 2026 in Las Vegas, US, Advanced Micro Devices (AMD) CEO Lisa Su said that artificial intelligence has now slowed down the hiring process at the chipmaker. She emphasised that AMD is actively expanding its…
China seems to have made up its mind. It had enough of US export controls. In a new guidance issued, the Chinese government requires all state-funded data centre projects to exclusively use domestically manufactured artificial intelligence chips. According to a report in Reuters, quoting sources, Chinese regulators in recent weeks instructed data centres that are…
The US has entered into a $1 billion partnership with chipmaker Advanced Micro Devices (AMD) to construct two powerful supercomputers designed to tackle major scientific challenges ranging from nuclear fusion and cancer treatments to national security threats. Energy Secretary Chris Wright and AMD CEO Lisa Su announced the collaboration, news agency Reuters reported, describing the…
Chipmakers Nvidia, AMD and Broadcom are reportedly adopting employee retention strategies that have been long used by big tech giants like Google, Amazon and Microsoft. According to a report by Business Insider, the leading chipmakers are offering massive stock-based compensation packages to their employees that vest over several years – a tactic that keeps workers…
San Francisco: AMD will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker. Shares of the chipmaker surged more than 34% on Monday, putting them on…
