TECH - AMD Launches Spartan FPGA Family Boosts AI Team as US Sanctions Challenge China Operations | Benzinga
Advanced Micro Devices, Inc (NASDAQ:AMD) stock traded above 2% on Wednesday despite reports of U.S. sanctions taking a toll on its China ambitions.
AMD initially held a smaller portion of the Chinese AI chip market compared to Nvidia, which dominated the space before the imposition of U.S. restrictions in 2022.
However, AMD is now pursuing the AI chip market with greater ambition. In December, it unveiled its new MI300 series, aimed at competing with Nvidia Corp’s (NASDAQ:NVDA) processors.
The product tailored for China has been dubbed the MI309. The identity of the Chinese client interested in purchasing AMD’s AI chips remains unknown, which could affect AMD’s ability to obtain a license if it decides to proceed, SCMP reports.
Previously, Nvidia voiced a lack of significant impact from the China ban despite U.S. chipmakers canvassed the U.S. government ...