AMD shares are rising on the announcement the chipmaker will collaborate with Intel to compete with Nvidia in the laptop chip market.
"Our collaboration with Intel expands the installed base for AMD Radeon GPUs and brings to market a differentiated solution for high-performance graphics," said Scott Herkelman, vice president and general manager, AMD Radeon Technologies Group, in the press release.
"This new semi-custom GPU puts the performance and capabilities of Radeon graphics into the hands of an expanded set of enthusiasts who want the best visual experience possible."
Intel revealed the chip will be for thin and lightweight laptops that are capable of playing complex video games.
Read more here: www.cnbc.com/2017/11/06/amd-shares-surge-on-a-report-of-laptop-chip-deal-with-intel-to-fight-off-nvidia.html