AMD to invest over $10 billion in Taiwan supply chain to address shortages
AMD Advanced Micro Devices Inc
$608.10 -2.03%
View chart & analysis → - 1CEO Lisa Su stated that demand is higher than AMD's supply.
- 2AMD announced it will invest over $10 billion across the Taiwan supply chain in May.
- 3AMD's unconditional commitments reached approximately $30.3 billion by the end of June, an increase of about 150% over six months.
So what's the key point?
AMD decided to invest more than $10 billion in Taiwanese companies because there is a shortage of materials needed to make products. The company decided to spend a large amount of money to secure more supplies.
Source The Motley Fool +1 · View original ↗
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