Lisa Su, president and chief govt officer of Advanced Micro Devices Inc. (AMD), presents the AMD Ryzen 4000 collection chip throughout an AMD press occasion at CES 2020 in Las Vegas, Nevada, U.S., on Monday, Jan. 6, 2020.

Bridget Bennett | Bloomberg | Getty Images

AMD shares jumped greater than 11% Monday after the corporate introduced it received Meta, previously often called Facebook, as a chip buyer.

AMD additionally revealed a variety of recent chips throughout the firm’s Accelerated Data Center Premiere keynote.

The bulletins assist cement the corporate’s push in opposition to its rivals. AMD is within the strategy of taking market share from market chief Intel as cloud suppliers like Microsoft, Amazon and Google purchase its chips to run their providers. AMD has gained some efficiency benefits over competing Intel processors lately.

Last month, AMD CEO Lisa Su mentioned that its knowledge middle chip gross sales doubled on an annual foundation in the newest quarter and the enterprise accounts for 20% of AMD’s gross sales. The knowledge middle chips are a part of AMD’s embedded, enterprise, and semi-custom phase, which reported $1.9 billion in gross sales final quarter, up 69% year-over-year.

Su mentioned on Monday that further particulars on its partnership with Meta will likely be mentioned later this week throughout the Open Compute Project summit.

— CNBC’s Kif Leswing contributed to this report.

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