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AMD on Thursday said it will invest more than $10 billion across Taiwan's semiconductor and AI ecosystem to advance chip

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Taiwan is at the center of the semiconductor industry because of Taiwan Semiconductor Manufacturing Co., the world's largest chip manufacturer, which makes products for the most valuable companies in the world from Nvidia to Apple.

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AMD on Thursday said it will invest more than $10 billion across Taiwan's semiconductor and AI ecosystem to advance chip production and performance. AMD has been a beneficiary of the continued heavy spending on AI infrastructure with its shares doubling so far this year as it looks to step up competition to rival Nvidia, which itself reported blowout earnings on Wednesday. "Working with strategic partners in Taiwan and globally, AMD is advancing leading-edge silicon, packaging and manufacturing technologies that enable higher performance, greater efficiency and faster deployment of AI systems," the company said in a press release. The investments will focus on partnerships with companies to "advance" chip packaging and manufacturing required for next-generation AI infrastructure.

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