Summer 2027
Posted on 9/1/2026
Designs and sells processors, GPUs, accelerators
No salary listed
Calgary, AB, Canada
Hybrid
Hybrid or on-site work is required throughout the internship/co-op term.
Bachelor's
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AMD is a semiconductor company that designs and sells processors, graphics cards, and accelerators for a range of customers, including data centers, AI developers, and enterprises. Its products include Ryzen CPUs for desktops, EPYC CPUs for data centers, and Radeon GPUs for gaming and professional visualization. AMD also offers the ROCm software stack and Instinct accelerators to boost AI and machine learning performance. The company earns revenue from hardware sales, technology licensing, and software that optimizes hardware performance. AMD differentiates itself through a broad portfolio that combines high-performance CPUs, GPUs, and AI accelerators, along with software ecosystems that optimize compute workloads. Its goal is to provide scalable, efficient computing power for gaming, data centers, and AI workloads while pursuing responsible corporate practices.
Company Size
10,001+
Company Stage
IPO
Headquarters
Santa Clara, California
Founded
1969
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Hybrid Work Options
AMD's late-July commitment of up to $5 billion to Anthropic, paired with a 2-gigawatt Instinct MI450 deployment, faces its first public valuation test as an…
AMD has launched an AI infrastructure platform in Saudi Arabia in partnership with Cisco Systems and HUMAIN. The platform uses AMD Instinct MI355X GPUs and AMD EPYC CPUs, with Cisco providing networking infrastructure including its Silicon One technology and 800G optics. HUMAIN will offer GPU-as-a-service for AI model training and inference workloads. The partners plan to deploy up to 250 MW of additional AI infrastructure from 2027, using AMD's upcoming Instinct MI400 Series GPUs. The expansion forms part of a joint venture targeting 1 GW of AI infrastructure deployment by 2030. The platform focuses on sovereign AI infrastructure, allowing customers greater control over data location and model customisation. AMD shares carry a buy rating with an average price forecast of $595.91.
AMD announced a partnership with Cisco and Saudi Arabia's HUMAIN to launch an AI infrastructure platform in the kingdom. The collaboration combines AMD's Instinct MI355X GPUs and EPYC CPUs with Cisco's Silicon One networking architecture to deliver GPU-as-a-Service infrastructure. The platform will begin with 250 megawatts of AI deployment starting in 2027, scaling to 1 gigawatt by the decade's end. This gives AMD access to sovereign AI spending outside North America. AMD's data centre sales grew 107% in Q2. The company's stock is currently trading at more than twice its price from the start of this year. The partnership positions AMD to compete with Nvidia in regional cloud computing whilst diversifying revenue streams beyond US cloud providers.
Advanced Micro Devices has set a data centre revenue record, with the segment more than doubling year-over-year to $6.72 billion in Q2. The chipmaker guided Q3 revenue to approximately $13 billion, representing roughly 41% annual growth. CEO Lisa Su projects the AI accelerator market will grow over 45% annually to reach $1.4 trillion by 2030. AMD's Helios rack-scale platform delivers up to 15% more throughput at the same power consumption compared to competitors. Anthropic has committed to 2 gigawatts of MI450 deployments, whilst Meta signed for 6 gigawatts. CFO Jean Hu indicated earnings per share will exceed $20, surpassing previous long-term targets. However, AMD trades at 175 times trailing earnings, leaving limited margin for execution missteps. Gaming revenue fell 31% year-over-year, and capital expenditures jumped 186%.
Advanced Micro Devices has raised $1 billion through a ten-year corporate bond issuance with a 5.5% coupon. The company announced the offering on 17 August 2026, with interest payments scheduled semi-annually starting February 2027. The funds will support AMD's transition to 3 nm and 2 nm chip manufacturing processes. The capital will be allocated to securing advanced lithography equipment, upgrading dry-etch systems, and investing in wafer-handling infrastructure aligned with the company's 2028 product roadmap. Following the announcement, AMD shares experienced modest declines in pre-market trading on 28 August, part of a broader profit-taking trend among chipmakers outside the AI boom. The bond proceeds will also fund development of edge computing and AI applications, positioning AMD for next-generation technology adoption across artificial intelligence, IoT, and 5G infrastructure markets.