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Rivals AMD, Intel partner to take on Nvidia

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Rivals AMD, Intel partner to take on Nvidia

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(Reuters) – Bitter rivals Advanced Micro Devices Inc <AMD.O> and Intel Corp <INTC.O> on Monday unveiled a partnership that will help the chipmakers take on Nvidia Corp <NVDA.O>. 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 (£9) 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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