The global market for AI accelerator chips could grow to over USD 500 billion in the next few years, according to AMD CEO Lisa Su. Speaking at the Hill and Valley Forum in the US on 24 July, Su said that the demand is being fuelled by a massive surge in infrastructure buildout from AI-focused companies such as OpenAI and Elon Musk’s xAI.

AMD CEO Lisa Su forecasts a potential surge in the AI chip market, estimating it could exceed $500 billion within a few years, fueled by demands from companies like xAI and OpenAI. Su emphasized the need to scale the entire AI ecosystem,

Advanced Micro Devices Inc. Chief Executive Officer Lisa Su said that the chips her company gets from supplier Taiwan Semiconductor Manufacturing Co. cost more when they’re produced in TSMC’s Arizona facilities.