Semiconductor company Advanced Micro Devices, Inc. (AMD) recently announced its collaboration with the Energy Sciences Network on the launch of ESnet6, the newest generation of the U.S. Department of Energy’s high-performance network dedicated to science.
However, amid escalating macro headwinds, chip demand has been slowing, which could hurt AMD’s revenues. On October 6, 2022, AMD slashed its revenue guidance for the third quarter. The company expects approximately $5.60 billion in sales, about $1.10 billion less than earlier estimates.
