Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the High Growth Semiconductor Stocks to Buy. On March 18, Reuters reported that Advanced Micro Devices, Inc. (NASDAQ:AMD) and Samsung Electronics signed a memorandum of understanding to expand their partnership focused on memory supplies for AI infrastructure.
As a result of this memorandum, Samsung will provide next-generation HBM4 chips for AMD’s Instinct MI455X AI GPUs. The report noted that Samsung already supplies HBM3E for the company’s MI350X and MI355X accelerators. These chips are also optimized for AMD’s DDR5 memory and enhance server performance for data centers.
Moreover, the report suggests that discussions are underway for Samsung to offer contract manufacturing services for AMD’s future products, potentially diversifying AMD’s production beyond TSMC.
About a month ago, Advanced Micro Devices, Inc. (NASDAQ:AMD) also announced its agreement to sell AI chips worth $60 billion to Meta Platforms for over 5 years, along with a similar agreement with OpenAI signed last year.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a California-based semiconductor company operating in three segments: Data Center, Client and Gaming, and Embedded. Founded in 1969, the company serves a diverse clientele, including original equipment and design manufacturers, system integrators, and distributors.
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