AMD Faces Export Restrictions and Strengthens AI Partnerships

Published 6 hours agoAMD

AMD Faces Export Restrictions and Strengthens AI Partnerships

Advanced Micro Devices (AMD) is navigating a challenging landscape as it grapples with new U.S. export restrictions that could lead to charges up to $800 million. These restrictions primarily target AMD’s advanced MI308 processors destined for China, a pivotal market for the company. The financial fallout highlights the geopolitical tensions impacting the semiconductor industry.

To bolster its position amidst these challenges, AMD is doubling down on strategic alliances. One significant move is its collaboration with Microsoft to supply AI chips via Microsoft's Azure platform. This partnership is part of AMD’s broader strategy to gain traction in the burgeoning AI chip market, which is currently dominated by Nvidia. In line with this effort, the company has launched new AI chips, including the Instinct MI300X APUs, indicating its intent to compete more aggressively.

AMD's stock has been a topic of mixed analyst sentiment. HSBC downgraded the stock from "Buy" to "Reduce," expressing skepticism about AMD's capability to break into the AI GPU market effectively. Conversely, TD Cowen is betting on AMD's growth potential, upgrading it to a "Strong-Buy." Reuters reported AMD's Q4 2024 figures reached a record revenue of $7.7 billion, with significant contributions from its data center business, which surged to $2.8 billion, reflecting robust demand and strategic maneuvers in its core segments.

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