AMD seeks to expand its market with new advanced AI chips
Few days ago AMD unveiled quite enthusiastically that it plans to end the year on a high (following the lead of rivals Nvidia and Intel) by ddevelop AI chips specifically for the Chinese market to comply with the restrictions on US exports and above all that they could compete with those of Nvidia.
AMD CEO Lisa Su said that the company will increase the production of their artificial intelligence chips MI300 in the fourth quarter. Accelerator chips, which are rare, are designed to compete with advanced H100 chips which Nvidia already sells.
"China is a very important market for us, certainly across our portfolio as we think about the accelerator market," said AMD CEO Lisa Su.
his said that customer interest in MI300 series chips is "very high" as AMD has expanded its work with different leading cloud providers, large enterprises, and many AI companies.
“Our plan is of course to be fully compliant with US export controls, but we believe there is an opportunity to develop a product for our set of customers in China who are looking for AI solutions, and we will continue to work on that. address. «
In addition to this, he mentioned that during the third quarter AMD shares rose approximately 3% in operations and thanks to this investors are betting that the MI300 chips, which are expected to be released later this year, will be widely accepted and will be able to give Nvidia chips a face in the AI chip market.
It is worth mentioning that the chips that are supplied to the Chinese market are "weakened versions", this "thank you" to the US imposing restrictions for sale and whereupon Nvidia has modified its H100 chips to comply with the US Department of Commerce restrictions on sales of AI chips to China. AMD is considering a similar strategy for its MI300 chips and its older MI250 chips and is already working to be able to offer an export-compatible version of its chip for sale abroad (China).
And then we'll have the contribution of both the MI300X for large AI customers as they start their initial ramps, and the MI250 with a number of customers now seeing it as a very good fit for some of the workloads that aren't. . necessarily the largest language models or the largest parameters, but let's call it more like the other AI workload.
Similarly, Intel developed the Gaudi2 processor that was not subject to US export restrictions and later developed a version specifically for the Chinese market, the "Gaudi2 HL-225B", to comply with US trade restrictions, Intel reduced the interconnection bandwidth by approximately 17 percent.
As for AMD's plans to ramp up production and launch these MI300 chips in the fourth quarter, there's probably going to be a lot of demand because a lot of people can't get their hands on Nvidia chips. So we assume that AMD can effectively close some of the gap between supply and demand," Hardy said.
AMD has enough components for the MI300 chips for an aggressive launch in the fourth quarter and enough supply by 2024, Su said, reporting strong interest in its older MI250 chip, which remains a very good choice for less complicated AI tasks.
On the other hand, it is also mentioned that the company forecasts revenue of around $5.700 billion for the current quarter, plus or minus $300 million. Analysts surveyed by Refinitiv forecast median revenue of $5.820 billion.
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