AMD has talked about the conclusion of a major transaction with Alibaba Cloud. As stated in the press release, the partnership should accelerate research and work related to the use of accelerators Radeon Pro in Alibaba cloud data centers.
As you can guess, in the framework of the partnership intends to use the Chinese giant AMD products and technologies to expand their data center and, as a result, services related to cloud storage and computing.
Note that for AMD such large transactions related to cloud technologies, they are hardly commonplace. At least, the company did not tell about it. Financial cooperation with Alibaba side is not disclosed, but the Chinese company has great opportunities, so that AMD is clearly a useful partner.
By the way, AMD shares after the announcement of the transaction increased by 4%.