AMD has announced the signing of a definitive agreement to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately US$665 million.

Concerns are mounting among Western governments and semiconductor companies regarding potential overcapacity in legacy chips, reminiscent of past issues seen in the solar industry. However, before Chinese-made legacy chips flood the market, China-based chipmakers are bracing for intense internal competition that could significantly impact their profitability.

Just 19 of China’s 137 current electric car brands will be profitable by the end of the decade, leaving the rest to exit the industry, consolidate, or battle for a minor market share, according to consultancy Alixpartners.

The PC sector has experienced an explosion of fresh ideas. New design concepts are being developed in addition to the popularity of AI PCs and the resurgence of Mini PCs, according to sources at PC makers.