AMD expects data center chip market to grow to $1 trillion by 2030

NEW YORK -Advanced Micro Devices expects the market for the company’s data center chips will grow to $1 trillion by 2030, CEO Lisa Su said at the company’s analyst day on Tuesday.

Artificial intelligence will drive much of the growth to the trillion-dollar figure, a market that includes AMD’s central processing units and networking chips, along with its specialized AI chips, Su said at the Nasdaq in New York.