AMD Rallies After Landing Meta in Latest Server Chip Win
- The former Facebook will use AMD chips for its data centers
- Chipmaker unveils new products in effort against Intel, Nvidia
A draw housing six Sapphire Technology Ltd. AMD graphics processing units (GPU) used to mine the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania.
Photographer: Akos Stiller/BloombergAdvanced Micro Devices Inc. will start supplying server processors to Meta Platforms Inc., formerly known as Facebook, further eroding Intel Corp.’s hold on that lucrative market.
Meta will use AMD Epyc processors in its data center computers, the chipmaker said Monday at an event, sending its stock up as much as 13%.
AMD also unveiled a new version of the product with extra memory, which Microsoft Corp. will use in an offering from its Azure cloud computing service. And the company showed off a graphics chip that can better handle artificial intelligence workloads and gave hints about its next generation of processors coming in 2022.
The addition of Meta, the world’s largest social media company, to AMD’s customer list means it now supplies all the top operators of the giant computing networks that run the internet. Winning those major spenders was part of Chief Executive Officer Lisa Su’s plan to resurrect AMD and have it reach market share levels it had only briefly flirted with amid years of struggling to keep up with Intel.