Advanced Micro Devices Inc. said Monday it has designed a graphics processor unit (GPU) that can be integrated into a new multi-chip processor package designed by rival chip maker Intel Corp. , confirming a report in The Wall Street Journal. The new product integrates an Intel Core processor, AMD’s Radeon graphics chip and second-generation high bandwidth memory into a single package. Intel expects the new product to launch in the first quarter of 2018. “Together, we are offering gamers and content creators the opportunity to have a thinner-and-lighter PC capable of delivering discrete performance-tier graphics experiences in AAA games and content creation applications,” said Scott Herkelman, general manager at AMD Radeon Technologies Group. AMD’s stock surged 6.7% in morning trade, with volume ballooning to already nearly half the full-day average. Intel’s stock edged up 0.4% and Nvidia shares slipped 0.4%. Year to date, AMD’s stock has gained 4.2%, while the S&P 500 has gained 15.6%.
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