Key insights
- AMD's CEO indicated a ramp-up in production due to strong AI demand, signaling robust growth prospects for the company and its supply chain partners like TSMC. This suggests continued strength in the AI hardware sector, potentially benefiting related semiconductor stocks and indicating sustained investment in AI infrastructure.
TAIPEI, May 22 (Reuters) - Advanced Micro Devices CEO Lisa Su said on Friday in Taipei that the company was asking its partners to ramp up production given strong demand for AI.
AMD is a major customer of TSMC, the world’s largest contract chipmaker.
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