AMD (AMD) announced that its next-generation AMD EPYC processor, codenamed Venice, is ramping production in Taiwan on TSMC's advanced 2nm process technology, with future plans to ramp production at TSMC's Arizona fabrication facility. Venice is a first high-performance computing product to enter production on TSMC's advanced 2nm process technology.
AMD also plans to extend TSMC 2nm process technology across its data center CPU roadmap with Verano, a 6th Gen EPYC processor optimized for performance-per-dollar-per-watt leadership. Designed to support cloud and AI computing workloads, Verano is expected to build on the AMD EPYC platform with advanced memory innovations, including LPDDR.
Separately, AMD announced more than $10 billion in investments across the Taiwan ecosystem to expand strategic partnerships and scale advanced packaging manufacturing for next-generation AI infrastructure. The company is collaborating with Taiwan-based ASE and SPIL, as well as other industry partners, to develop and qualify next-generation wafer-based 2.5D bridge interconnect technology. AMD noted that it has achieved a major milestone with PTI by qualifying the industry's first 2.5D panel-based EFB interconnect.
At last close, AMD shares were trading at $447.58, up 8.1%.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.