Cyprus Mail24 Jul 2026

AI boom drives Intel and AMD to secure long-term server chip contracts

US chipmaking giants Intel and Advanced Micro Devices are signing longer-term purchase commitments with Chinese server customers ‌for data-centre processors as prices surge, two people familiar with the talks said.

The move highlights a broader consequence of the AI boom: demand has spread beyond AI accelerators to memory, networking gear and server processors, giving suppliers greater leverage to seek long-term purchase deals....

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