AMD has captured nearly a third of the market for CPUs, according to an analyst report.
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Two East Asian companies have built more robust businesses and their scale now threatens to bury the competition.
US chip maker AMD on Tuesday posted revenue that beat Wall Street targets and said it expected business to improve in the second half.
Intel has made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast.
Analysts are betting that AMD will be one of the few semiconductor companies that grows in 2023, even as talk of a downturn in the chip sector dominates the headlines.
Promoted | More than two-thirds of companies using cloud computing across major African markets plan to increase their spending on cloud services in 2023.
Intel has stumbled badly at a time when smaller rival AMD and others are picking up speed. It says it will regain its balance this year.
Intel slid in late trading in the US after giving a dire forecast, hurt by sinking demand from PC customers.
Apple’s push to replace the chips inside its devices with homegrown components will include dropping a key Broadcom part in 2025.
Taiwanese President Tsai Ing-wen said moves by the island’s most valuable chip maker to build factories overseas is a sign of its power abroad.