GlobalFoundries pledges $16bn investment to reshore chip manufacturing at New York and Vermont fabs
Company says it will collaborate with Apple, AMD, and Qualcomm, amongst others
Company says it will collaborate with Apple, AMD, and Qualcomm, amongst others
Terms of the deal were not disclosed
Also has stakes in Astera and Marvell
Deal will see AMD will retain ZT Systems' AI systems design businesses
Round co-led by Magnetar and AMD Ventures
Data center sales saw 57 percent year-on-year growth during the quarter
Nvidia, AMD, Qualcomm, and Broadcom have all been approached, sources claim
Comes as AI lab Mistral announces its first dedicated French cluster
Company posted data center revenue of $3.86 billion in Q4 2024
Segment revenue for the quarter was $3.5bn
Following in Apple’s footsteps
But plans to spin off the manufacturing business later on
Semiconductor equipment manufacturers could be targeted by new restrictions
Company must cooperate with local chip companies and universities
Company posted quarterly revenue of $5.47bn
The company missed revenue expectations, posting a 14 percent decline in last quarter
Business unit posted sales of $2.28bn in the last three months
A big win for the chip company
But company expects data center sales to pick up later in the year
But Taiwan will still produce the vast majority of chips
Just months after it bought Xilinx for $35bn
Nvidia gets Mellanox, AMD gets Pensando
True love at first signing