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AMD: GPU Business Could Take Hit If Crypto Miners Stop Buying
A drop in demand for graphics cards (GPUs) by the world's cryptocurrency miners could 'materially' impact AMD's chip business, the company disclosed this week. In its most recent 10-K annual filing, AMD - one of several firms to ride the recent wave of demand for GPUs (which are needed for the energy-intensive mining process) - highlighted how "the rise of cryptocurrency prices and the introduction of new cryptocurrencies created a demand for our GPUs in 2017." While the company offered no specific figures, the disclosure, published on Feb. 27, is in line with past predictions from AMD, which suggested near the...
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