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AMD Readies Flagship AI Chips, Takes on Nvidia in Surging Semiconductor Market

Updated: Jan 8

Advanced Micro Devices Inc. is gearing up to release its flagship artificial intelligence chips later this year, setting the stage for a battle with rival Nvidia Corp. in the surging AI semiconductor space.

Credits: REUTERS

AMD said strong demand from cloud giants and AI companies will drive growth for its upcoming MI300 data center chips.

The MI300 series is designed to compete with Nvidia's recently released H100 accelerators used for AI workloads.

The launch comes as both chipmakers aim to capitalize on booming demand for advanced AI hardware. Investors are betting AMD can grab market share given Nvidia's ongoing supply constraints.

"If AMD can ramp production and launch those MI300 chips in the fourth quarter, they will likely see strong demand because plenty of people cannot get their hands on Nvidia chips," said Jenny Hardy, a portfolio manager at GP Bullhound.

AMD CEO Lisa Su said the company is working on export-compliant versions of the MI300 and older MI250 chips in order to sell to China following recent US restrictions on advanced AI tech exports.

Nvidia has already modified its H100 chip to comply with the new rules. AMD sees an opportunity to develop AI products for customers in China seeking solutions in this space, Su added.

For the full year 2023, AMD expects its data center business revenue, including MI300, to show double-digit percentage growth versus 2022 sales of $6.04 billion.

The company forecast current-quarter revenue around $5.7 billion, reflecting ongoing strength in its server chips and an improvement in PC demand.

  • AMD preparing Q4 launch of flagship MI300 AI chips to compete with Nvidia

  • Strong demand seen from cloud and AI customers amid booming market

  • AMD working on export-compliant chips to sell into restricted China market


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