AMD (AMD) backstops USD 300mln Crusoe loan for AI chip purchases, The Information reports; AMD will rent chips from Crusoe if the startup lacks customers.
AMD's decision to backstop a USD 300 million loan for Crusoe highlights its commitment to securing supply for AI chip production, addressing the growing demand in this sector.
[CALENDAR ADDITION] Fed's Musalem (2028 voter) to be interviewed at 20:30GMT/15:30EST on Friday by Fox Business' Edward Lawrence
Walgreens (WBA) is laying off hundreds of employees across the country, Bloomberg reports
AMD (AMD) backstops USD 300mln Crusoe loan for AI chip purchases, The Information reports; AMD will rent chips from Crusoe if the startup lacks customers.
Teamsters secured an agreement with Keurig Dr Pepper (KDP) that includes a 22% wage hike
Occidental Petroleum (OXY) expects US onshore capex to decrease by USD 400mln vs. 2025
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By agreeing to rent chips if Crusoe struggles with customer acquisition, AMD mitigates potential supply chain risks while positioning itself strongly within the AI space. This move could also signal to investors a strategic focus on expanding capabilities in a competitive semiconductor market.
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