Shares of AMD climbed 9% on the news, while Microsoft shares were up about 1%.
The software giant is providing financial support to bolster AMD's efforts, and working with the chipmaker on a homegrown Microsoft processor for AI workloads, code-named Athena, the report said. Several hundreds of employees working at a silicon division at Microsoft are now working on the Athena project, the report added.Reporting by Yuvraj Malik in Bengaluru; Editing by Shailesh Kuber