AMD in talks to sell 10,000 AI chips to Korea's Upstage

[AMD headquarters in Santa Clara, California, USA]
JHVEPhoto

Korean AI startup Upstage is in discussions with Advanced Micro Devices (AMD [https://seekingalpha.com/symbol/AMD]) to buy 10,000 of its latest AI accelerators as part of an effort to bring large-scale compute into the country.

Upstage CEO Sung Kim said he discussed the procurement of AMD’s MI355 accelerators when he met with the US chipmaker’s CEO Lisa Su in Seoul last week.

“We have a lot of Nvidia chips in Korea, but we want to diversify to other chips, including AMD’s,” Kim told_ Bloomberg Television_ on Monday.

Upstage competes in a state-backed “AI Squid Game” tournament to develop Korea’s top national AI models.

The teams’ AI foundation models face evaluation and elimination every six months by a panel of judges overseen by the Ministry of Science and ICT. Korea is set to select two finalists by early next year. The winners receive a greater number of Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) graphics processing units, the report said.

ETFs to track the South Korean market: (EWY [https://seekingalpha.com/symbol/EWY]), (KORU [https://seekingalpha.com/symbol/KORU]), (FLKR [https://seekingalpha.com/symbol/FLKR])

AI ETFs: (IVES [https://seekingalpha.com/symbol/IVES]), (AIQ [https://seekingalpha.com/symbol/AIQ]), (BOTZ [https://seekingalpha.com/symbol/BOTZ]), (DTEC [https://seekingalpha.com/symbol/DTEC]), (GINN [https://seekingalpha.com/symbol/GINN]), (ROBT [https://seekingalpha.com/symbol/ROBT]), (XT [https://seekingalpha.com/symbol/XT]), (THNQ [https://seekingalpha.com/symbol/THNQ]), and (CHAT [https://seekingalpha.com/symbol/CHAT]).

MORE ON AMD

* AMD's Real Shift Is Still Mispriced [https://seekingalpha.com/article/4884823-amds-real-shift-is-still-mispriced]
* AMD: Private Credit Crunch Is Good [https://seekingalpha.com/article/4884209-amd-private-credit-crunch-is-good]
* AMD Doesn't Worry Me, Its Customers And Deals Do [https://seekingalpha.com/article/4883805-amd-doesnt-worry-me-its-customers-and-deals-do]
* Chip sales top $830B in 2025 as Nvidia, Micron lead AI-driven growth [https://seekingalpha.com/news/4566190-chip-sales-top-830b-in-2025-as-nvidia-micron-lead-ai-driven-growth]
* AMD, Samsung team up for AI memory, explore foundry partnership [https://seekingalpha.com/news/4565680-amd-samsung-team-up-for-ai-memory-explore-foundry-partnership]