The chipmaker unveiled the investment at London Tech Week, including Cambridge-based Zenith and fusion-focused Sunrise, as strong data center growth keeps its trillion-dollar valuation goal in view.
Advanced Micro Devices said it will invest $2 billion in the United Kingdom over the next five years, with funding earmarked for several programs including two AI supercomputers. The company announced the plan at London Tech Week, where it said Zenith will be built at the University of Cambridge and Sunrise is being developed with the UK Atomic Energy Authority to focus on nuclear fusion research. AMD chief executive Lisa Su said the effort is meant to “expand access to the compute infrastructure needed to advance sovereign AI” in Britain. The announcement comes as AMD rides strong momentum in its core business despite recent volatility in chip stocks. The company reported first-quarter revenue of $10.2 billion, up 38% from a year earlier, while net profits rose 95%. Its data center division generated $5.8 billion, up 57% year on year and now accounting for more than half of total revenue, underscoring how demand for AI computing is reshaping the business. Analysts expect that mix shift to support faster overall growth if the segment continues to outpace AMD’s other divisions. AMD shares had fallen nearly 11% on Friday after Broadcom’s quarterly results failed to lift its long-term AI revenue forecast, triggering a broader semiconductor sell-off. The stock was recovering before the market opened on Monday, up around 2% and pointing to a 4% gain, while Nasdaq futures rose 0.67% and S&P 500 futures gained 0.26%. With a market value of around $850 billion, AMD would need less than a 20% rise in its share price to reach a $1 trillion valuation.