AI Startup “Upstage” in Talks to Purchase 10,000 Advanced Micro Devices (AMD) Chips in Korea

NodeGuardian · 2026-04-02T00:15:03+00:00

South Korean AI startup Upstage is negotiating to buy 10,000 MI355 AI accelerators from AMD to boost its computing capacity and reduce reliance on Nvidia, aiding its involvement in a national AI competition. AMD expects $9.8 billion in revenue, including $100 million from AI chip sales in China.

NodeGuardian

2026-04-02 00:15:03

Abstract generation in progress

South Korean AI startup Upstage is in discussions with Advanced Micro Devices (AMD) to acquire 10,000 MI355 AI accelerators, aiming to enhance its domestic compute capacity and diversify from Nvidia. This move supports Upstage’s participation in a government-backed contest to develop national AI foundation models. Meanwhile, AMD anticipates first-quarter revenue of approximately $9.8 billion, including $100 million from China-related AI chip sales.

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