AMD Aims to Ramp Up AI Chip Production for Release by Q4, Raises Q3 Forecast to $5.7 Billion
Advanced Micro Devices on Tuesday forecast a strong finish to the year, driven by the planned launch of artificial intelligence chips that could compete with Nvidia semiconductors.AMD shares rose about 3 percent in after-hours trading.CEO Lisa Su said AMD is set to ramp up production of its flagship MI300 artificial intelligence chips in the fourth quarter. The accelerator chips, which are in short supply, are designed to compete against the advanced H100 chips already sold by Nvidia.Su said customer interest in the MI300…