Overview
- Upstage CEO Sung Kim confirmed the discussions after meeting AMD CEO Lisa Su in Seoul, stressing that negotiations are ongoing.
- A 10,000‑unit deal would offer AMD a foothold in a market where Nvidia currently dominates AI infrastructure.
- Upstage is seeking additional compute in South Korea to scale training while diversifying hardware suppliers beyond Nvidia.
- The startup is one of four teams in a government‑backed program known as the “AI Squid Game,” with biannual reviews and two finalists expected by early next year.
- AMD shares were down about 2% in early trading, and coverage cites a Moderate Buy consensus with average price targets near $285.