AMD, Intel team up as semiconductor stocks slump on ASML outlook

AMD, Intel team up as semiconductor stocks slump on ASML outlook AMD, Intel team up as semiconductor stocks slump on ASML outlook

BELLEVUE, Washington — American chip companies AMD and Intel announced a partnership Tuesday to form an x86 ecosystem advisory group as the Intel-developed chip architecture faces increasing challenges from Arm and skepticism around demand growth in AI chips.

AMD CEO Lisa Su and Intel CEO Pat Gelsinger appeared onstage that morning at Lenovo’s annual Tech World event here.