What's Going On With AMD Stock Monday?

Advanced Micro Devices, Inc AMD stock is trading higher Monday along with chipmakers and Nvidia Corp NVDA amid reports of Taiwan Semiconductor Manufacturing Company Ltd TSM bumping up orders for advanced CoWoS packaging equipment amid the influx of massive demand from tech companies like Nvidia and AMD.

TSMC has placed more orders for advanced packaging equipment, estimated at a 30% bump. 

Also Read: What's Going On With Nvidia Stock Monday?

However, the installation will likely be near the end of 2023; hence, for now, Nvidia and others might have to bear the supply chain crisis. 

TSMC could reach up to 30,000 wafer output a month, doubling from current production. Currently, the production stands at around 12K wafers, but the first half expects 15-20K output in 2024.

On a separate note, AMD collaborated with Samsung Electronics Co, Ltd SSNLF to advance 5G virtualized RAN (vRAN) for network transformation. 

The two companies have completed several rounds of tests at Samsung's lab to verify high-capacity and telco-grade performance using FDD bands and TDD Massive MIMO wide bands while significantly reducing power consumption. 

In this collaboration, Samsung used its versatile vRAN software integrated with the new AMD EPYC 8004 processors, focused on telco and intelligent edge.

Lynn Comp, Corporate Vice President at AMD, said, "It's great to be collaborating with Samsung in 5G vRAN solutions to leverage our market-leading products for the data center and tackle key challenges of the telco edge and RAN environment."

Samsung will continue working with AMD to facilitate the acceleration of vRAN and Open RAN for 5G and drive innovation for next-generation networks.

Price Action: AMD shares traded higher by 0.72% at $96.90 on the last check Monday.