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"The money will be used to ramp up the production of TL750," says Ang, who says the company will use the profits generated by the chip to complete the development of its next generation chip.
SkyLake is Intel's next generation chip, the successor to Broadwell which was the successor to Haswell.
Currently under development and expected to go into large-scale production this winter, the next generation chip is being kept under tight wraps by the company.
In preparation for a 1999 launch of its next generation chip, called the Merced, Intel Chief Executive Andy Grove removed Digital Equipment's Alpha microprocessor as a competitor in the high-end server market.
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Our company specializes in software solutions that enable foundries and design teams to achieve strategically critical efficiencies in the development of next generation chips and technologies.
Virtually every semiconductor company in the world is going to have to use their machines for the next generation chips.
Altera was a major customer of Intel's fledgling chip foundry business and there were rumors it was going to use a competitor for its next generation chips.
Already, leading Silicon Valley companies are threatening to build their next-generation chip fabrication plants elsewhere, probably in Texas, which has a surplus of generating capacity, a move that would further undermine Mr. Davis's stewardship.
Intel, its perennial rival, has its own next-generation chip designed for servers and supercomputers, named Itanium, which it has developed with Hewlett-Packard.
The new chips must sell briskly if Advanced Micro is to begin making money, pay its debts and invest in the next-generation chip manufacturing it will need in a few years.
The book follows a company in search of a next-generation chip for its computers that will help keep the company's stock from falling after a failed public offering.
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