Recently, AMD announced it will lay off approximately 1,000 employees, which is about 4% of its global workforce. The layoffs primarily affect sales and marketing positions in the gaming and consumer PC departments, marking the chip giant's full transition towards the artificial intelligence chip sector. In the thriving AI chip market, NVIDIA currently holds a dominant 80% market share. Analysts predict that by 2028, the AI chip market will reach a scale of $500 billion. AMD's resource restructuring aims to capture a larger share in this rapidly growing market.

AMD's Q2 sales show strong performance in the data center market, with Instinct MI300X GPU sales exceeding $1 billion and projected to generate over $4.5 billion in FY2024. Data center revenue rose 115% year-on-year to $2.8 billion, nearly half of total revenue. However, gaming revenue fell 59% due to decreased demand for Microsoft and Sony consoles. AMD expects continued decline in gaming revenue in Q3, but growth in data center and client produ....

AMD has released its latest AI chip, the Instinct MI300X, which serves as an alternative to Nvidia chips. Meta and Microsoft have announced purchases of the AMD MI300X chip. The MI300X features a new architecture and boasts 192GB of high-performance HBM3 memory. AMD aims to reduce the development costs of AI models and increase competitive pressure on Nvidia. AMD predicts that the future AI GPU market will reach $400 billion.