On November 13, local time, Advanced Micro Devices (AMD) announced that it would lay off 4% of its global employees, involving thousands of employees.
AMD said in a statement: "As part of aligning our resources with the greatest growth opportunities, AMD is taking a series of targeted measures, which unfortunately will result in a reduction of approximately 4% of our global workforce."
According to Cailianshe, AMD is currently the world's second largest GPU manufacturer after Nvidia, but in the field of AI chips, Nvidia still dominates with a market share of more than 80%.
And according to Gartner's latest forecast, global artificial intelligence (AI) semiconductor revenue is expected to reach US$71 billion in 2024, an increase of 33% from 2023.
To this end, AMD is vigorously developing the research and development of AI chips and investing heavily in it. At present, AMD has launched AI chips including the MI300X series, which also supports the rapid growth of the company's data center business. At the same time, AMD will start mass production of the new generation of AI chips MI325X series in the fourth quarter.
In addition, in July this year, AMD announced that it would acquire Silo AI, the largest private artificial intelligence (AI) laboratory in Europe, for $665 million in all cash. In August, AMD announced that it had signed an acquisition agreement with ZT Systems, a global hyperscale computing company and leading provider of AI infrastructure, and agreed to acquire ZT Systems in a cash and stock transaction worth $4.9 billion.
It can be seen that AMD is actively entering the field of artificial intelligence through a number of acquisitions and other initiatives to enhance the company's competitiveness in the increasingly fierce AI market.
This paper is from Ulink Media, Shenzhen, China, the organizer of IOTE EXPO (IoT Expo in China)
