AMD plans to invest over $10 billion in Taiwan's AI sector, partnering with local packaging, testing, and manufacturing companies to expand chip production capacity.

On May 21, Reuters reported that Advanced Micro Devices, Inc. (NASDAQ:AMD) plans to invest over $10 billion in Taiwan, committing to its AI sector to expand chip production capacity and deepen partnerships with Taiwanese companies including ASE, SPIL, PTI, Sanmina, Wiwynn, Wistron, and Inventec.

The technology will support AMD's Venice CPUs built on TSMC's 2-nanometer process, and the company has started stepping up production of those chips. CEO Lisa Su stated the effort enables "integrated, rack-scale AI infrastructure" as customers scale AI infrastructure to meet growing compute demand.

As of May 19, AMD's stock is up by 85.28% year to date.