International Business Machines Corp.
IBM,
-0.44%
appears to be going after a piece of the 7-nanometer central processing unit market currently dominated by Advanced Micro Devices Inc.
AMD,
+1.95%
with its own chip. Late Sunday, IBM said it was launching its Power10 chip, a 7-nm CPU to focus on the enterprise hybrid cloud computing market. In chip parlance, nanometers, or nm, refers to the size of the transistors that go on a computer chip, with the general rule being that smaller transistors are faster and more efficient in using power. All year, AMD has been releasing new versions of its 7-nm chip, which is fabricated by Taiwan Semiconductor Manufacturing Co.
TSM,
+2.94%.
Back in July, larger AMD rival Intel Corp.
INTC,
+0.65%
said it was delaying its 7-nm chip to at least late 2022 because of manufacturing issues. IBM said Samsung Electronics Co.
005930,
-1.19%
fabricates the Power10. IBM shares were down 0.3% at $124.87 at last check.