Amd Invests Millions in Ireland for Rd Projects Abbo News

Advanced Micro Devices, Inc. (AMD) Sets Sights on Ireland with $135 Million Investment for R&D Projects

Advanced Micro Devices, Inc. (NASDAQ: AMD), a leading chipmaker, has announced its plans for continued growth in Ireland. The company is set to invest up to $135 million over the next four years, aiming to support various strategic research and development (R&D) projects.

This significant investment will contribute to the creation of approximately 290 new job positions, consisting of highly skilled engineering and research roles, as well as other essential support positions.

The Irish government has expressed its support for this new venture by AMD. It’s worth noting that prior to AMD’s acquisition of Xilinx in 2022, Xilinx had partnered with IDA Ireland on multiple occasions to drive semiconductor innovation in the country. In 2017, Xilinx announced a $40 million investment to expand its research, development, and engineering operations, along with the recruitment of over 100 skilled employees.

In addition, AMD has revealed that its AMD EPYC Embedded Series processors are powering the new modular, multi-protocol storage solution called HPE Alletra Storage MP, developed by Hewlett Packard Enterprise Co (NYSE: HPE).

The HPE Alletra Storage MP offers customers a modular, multi-protocol storage solution that simplifies data and storage service deployment, management, and orchestration through the HPE GreenLake edge-to-cloud platform.

HPE Alletra Storage MP enables customers to deploy, manage, and orchestrate data and storage services via the HPE GreenLake edge-to-cloud platform. This innovative solution eliminates data silos, reduces costs and complexity, and significantly enhances performance.

The HPE Alletra Storage MP solution utilizes a range of EPYC Embedded processor models, offering various performance options that span from 16 to 64 cores. These processors also feature a thermal design power profile that ranges from 155W to 225W.

AMD shares are trading higher by 0.52% in the pre-market trading Wednesday. The stock has gained over 73% YTD.