AMD Reduces Workforce by 4%, Laying Off Around 1,000 Employees as Part of Strategic AI Shift
AMD announced a 4% workforce reduction, impacting around 1,000 employees
Tag AMD
AMD Surges to $3.549 Billion in Q3 2024 Revenue, Leaving Intel Behind at $3.3 Billion
AMD reported impressive Q3 2024 revenue of $3.549 billion, surpassing Intel’s $3.3 billion in the datacenter market.
AMD Sees 122% Growth in Data Center Revenue, Shifts Focus to Boost Lagging Gaming Segment
AMD’s Data Center segment posted a 122% year-over-year revenue increase, reaching $3.5 billion this past quarter.
AMD’s Stock Soars Over 80% in a Year as Revenues Skyrocket from $6.7 Billion to $22.7 Billion
AMD's stock has skyrocketed over 80% in just one year, reflecting investor confidence in the company's robust performance and strategic innovations.
AMD Unveils Game-Changing Pollara 400 Network Card: 6x Boost for AI and HPC
AMD Pensando Pollara 400 network card, a game-changer for AI and HPC. Offering up to six times better performance, intelligent networking, and fast failover
AMD Unveils AI-Infused Chips Across Ryzen, Instinct, and Epyc Brands
At a recent event in San Francisco, AMD CEO Lisa Su unveiled AI-infused chips across the company's Ryzen, Instinct, and Epyc brands.
Samsung Invests $20 Million in AMD MI300X GPUs for AI Development
Samsung Electronics invests $20 million in AMD Instinct MI300X GPUs to enhance its AI development capabilities.
AMD to Acquire ZT Systems in a $4.9 Billion Move to Challenge Nvidia
Advanced Micro Devices Inc. (AMD) has announced its plans to acquire ZT Systems, a prominent server maker, in a deal valued at $4.9 billion.
AMD to Launch Ryzen AI 300 PRO, 5th Gen EPYC “Turin,” and Instinct MI325X on October 10th
AMD is reportedly planning a special event on October 10, 2024, where it will reveal its latest server and data center products.
AMD Breaks $1 Billion in Datacenter GPU Sales in Q2 2024
AMD has achieved a major milestone by breaking $1 billion in datacenter GPU sales in Q2 2024, driven by the success of its Instinct MI300 series GPUs.
