ChipsReutersabout 3 hours ago
AMD records $1.07 billion charge for chip deals
3 min read
Advanced Micro Devices recorded a $1.07 billion non-cash charge, or 66 cents a share, in the third quarter ended September 26. This accounts for warrants granted to AI customers OpenAI and Meta Platforms in exchange for chip commitments totaling up to $60 billion over five years. The move reflects a growing trend of equity incentives in the AI sector.
Level
Hype check
Tap to vote and see what everyone thinks.
