News

AMD Plans $2.5B for German Expansion

U.S. semiconductor maker Advanced Micro Devices Inc. said Monday it will invest $2.5 billion, or nearly 2 billion euros, to expand its production facilities in the eastern German city of Dresden.

The company, based in Sunnyvale, California, opened its factory for 64-bit processors in Dresden last October. It now plans to expand that plant.

The expanded capabilities will include additional 300-millimeter wafer production facilities, as well as a new clean-room facility for the final stages of manufacturing.

AMD, which makes microprocessors, flash memory devices for the computer, communications and consumer electronics industries, already employs several thousand people in Dresden.

The U.S. firm's investments have underlined Dresden's status as a relatively prosperous part of the former communist East Germany, which in general remains economically depressed.

Featured

  • MIT Finds Only 1 in 20 AI Investments Translate into ROI

    Despite pouring billions into generative AI technologies, 95 percent of businesses have yet to see any measurable return on investment.

  • Report: Cost, Sustainability Drive DaaS Adoption Beyond Remote Work

    Gartner's 2025 Magic Quadrant for Desktop as a Service reveals that while secure remote access remains a key driver of DaaS adoption, a growing number of deployments now focus on broader efficiency goals.

  • Windows 365 Reserve, Microsoft's Cloud PC Rental Service, Hits Preview

    Microsoft has launched a limited public preview of its new "Windows 365 Reserve" service, which lets organizations rent cloud PC instances in the event their Windows devices are stolen, lost or damaged.

  • Hands-On AI Skills Now Outshine Certs in Salary Stakes

    For AI-related roles, employers are prioritizing verifiable, hands-on abilities over framed certificates -- and they're paying a premium for it.