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AMD sees $1.5bn revenue hit from US curbs on China chips

Advanced Micro Devices has forecast a $1.5 billion hit to revenue this year due to new US curbs on chips, which require the company to obtain a license to ship advanced artificial-intelligence processors to China.
Business • 07 May

Nvidia shares surge 13% as market value hits $330 billion

Nvidia added about $330 billion in stock market value last night, a record one-day gain for any company on Wall Street after Microsoft and Advanced Micro Devices reignited the AI rally.
Business • 01 Aug 24

Intel has stumbled, CEO says, sending its shares lower

Intel has said it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data centre division.
Business • 27 Jan 23

AMD closes record chip industry deal with Xilinx deal

Semiconductor designer Advanced Micro Devices said today it has finalised the purchase of Xilinx in a record chip industry deal valued at about $50 billion.
Business • 14 Feb 22

AMD to buy Xilinx for $35 billion in data centre push

Semiconductor designer Advanced Micro Devices said today would buy Xilinx in a $35 billion all-stock deal, intensifying its battle with Intel in the data centre chip market.
Business • 27 Oct 20

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