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AMD President Confirms $10B Saudi Investment
Lisa Su, Chairwoman of the Board and CEO of AMD, announced the company's continued expansion of its investments in Saudi Arabia, with plans to invest around $10 billion to support Saudi Vision 2030 initiatives. The company is working on developing advanced computing systems in collaboration with local partners, such as providing Saudi Arabia with more than 10,000 central processing units and a graphics system based on recent developments, in addition to increasing the capacity of computing centers to 250 megawatts by 2027. AMD aims to deliver advanced artificial intelligence technologies to boost computational capabilities and strengthen the Kingdom’s technological infrastructure, with expectations that AI technology remains in its early stages and will play a major role in broad transformations across sectors including research, development, healthcare, and manufacturing.
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