Advanced Micro Devices plans to substantially increase chip supplies in 2027 as the U.S. semiconductor maker races to keep pace with surging demand for artificial intelligence processors, Chief Executive Officer Lisa Su said on Tuesday, Reuters reported.
AMD, Nvidia's closest rival in the market for AI graphics processors, has rapidly expanded its AI chip business as companies around the world increase spending on data centres and computing infrastructure. The company's market value recently surpassed $1 trillion amid a broader rally in AI-related stocks, Reuters reported.
