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Rivals AMD, Intel partner to take on Nvidia
November 6, 2017 / 3:34 PM / in 12 days

Rivals AMD, Intel partner to take on Nvidia

(Reuters) - Bitter rivals Advanced Micro Devices Inc and Intel Corp on Monday unveiled a partnership that will help the chipmakers take on Nvidia Corp.

The Intel logo is displayed on computer screens at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake

Under the partnership, AMD’s semi-custom graphics chip will be integrated into Intel’s new multi-chip processor package for personal computing.

AMD’s shares were up 6.5 percent at $11.84 in early trading. Intel was up 1 percent, while Nvidia was down 0.5 percent.

Designed by Intel, the new product will integrate an Intel core processor together with a semi-custom radeon graphic chip and second-generation high bandwidth memory (HBM2) into one package, AMD said in a statement.

Reporting by Arjun Panchadar in Bengaluru; Editing by Maju Samuel

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