AMD Climbs After Saying Amazon Will Use Its Cloud Server Chips
- Amazon Web Services will begin using AMD’s processors
- Chipmaker said it is testing a new design with customers
Photographer: Ashley Pon/Bloomberg
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Advanced Micro Devices Inc., Intel Corp.’s largest competitor in the market for computer processors, said Amazon.com Inc.’s cloud-computing unit is a new partner for its server chips. AMD shares gained as much as 8.8 percent on the announcement.
Amazon, the largest provider of cloud computing services, is now offering three of its most popular products based on AMD’s Epyc server chips, Matt Garman, vice president of computing at Amazon Web Services, said Tuesday at an AMD presentation in San Francisco. The AMD chips allow for a 10 percent saving in computing costs, Garman said.