AMD’s China concerns overshadow upbeat sales forecast for AI

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Advanced Micro Devices Inc., the second-largest maker of artificial intelligence processors, warned that its return to the crucial China market remains a work in progress, overshadowing a generally upbeat forecast for its AI business.

As part of its quarterly earnings report Tuesday, AMD declined to predict Chinese sales of its Instinct MI308, an AI processor that it designed for the Asian country.

The Trump administration had barred shipments of such chips to China in April, though it reversed course last month, raising hopes that AMD and rival…



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AMD’s China concerns overshadow upbeat sales forecast for AI


Advanced Micro Devices Inc., the second-largest maker of artificial intelligence processors, warned that its return to the crucial China market remains a work in progress, overshadowing a generally upbeat forecast for its AI business.

As part of its quarterly earnings report Tuesday, AMD declined to predict Chinese sales of its Instinct MI308, an AI processor that it designed for the Asian country.

The Trump administration had barred shipments of such chips to China in April, though it reversed course last month, raising hopes that AMD and rival…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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