Trending Now - Upstage in Talks to Acquire AMD Chips for AI Expansion

WHO:

Upstage, a South Korean AI startup

Sung Kim, CEO of Upstage

Lisa Su, Chief Executive Officer of Advanced Micro Devices Inc. (AMD)

WHAT:

Upstage is in talks to acquire 10,000 of AMD's MI355 chips

Upstage aims to "diversify to other chips" as they currently have "a lot of Nvidia chips"

WHERE:

Discussions are taking place in Seoul, South Korea

Sung Kim spoke at the Milken Institute's "Global Investors' Symposium" in Hong Kong

WHEN:

The talks are ongoing as of March 23rd, 2026

WHY:

Upstage is looking to diversify its chip supply beyond Nvidia

HOW:

Upstage is negotiating with AMD for the potential purchase of the chips

(UPDATED March 23, 2026 11:24 UTC)

Upstage, a South Korean AI startup, is currently in talks to acquire 10,000 MI355 chips from Advanced Micro Devices, or AMD, as part of their strategy to diversify their chip supply beyond Nvidia. CEO Sung Kim made this announcement during his speech at the Milken Institute's Global Investors' Symposium in Hong Kong, while discussions are ongoing in Seoul, South Korea. The negotiations are taking place as of today, March 23, 2026.