Advanced Micro Devices (AMD) Pursues Semiconductor Growth Opportunities in Malaysia

Advanced Micro Devices Inc. (NASDAQ:AMD) in Cathie Wood Stock Portfolio is one of the top 10 stocks to buy now. On August 13, the company inaugurated its new state-of-the-art office and engineering lab facility in Bayan Lepas, Penang.

The opening of the state-of-the-art facility marks a significant milestone in the company’s efforts to expand its business services and engineering presence in Malaysia. The 209,000-square-foot facility features state-of-the-art equipment that AMD will utilize to advance semiconductor design.

The new facility will allow the company to develop, build, and deliver the next generation of high-performance and artificial intelligence computing solutions. It will also play an essential role in enhancing AMD's growth while driving the country’s semiconductor ecosystem.

Advanced Micro Devices Inc. (NASDAQ:AMD) is a semiconductor company that designs and manufactures high-performance computing and graphics products. It is best known for central processing units (CPUs) and graphics processing units (GPUs)  used in computers, data centers, gaming consoles, and other devices.

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Disclosure: None. This article is originally published at Insider Monkey.