AMD Partners with Eric Trump-Backed Foundation to Build Humanoid Robots
AMD has more than doubled off its 52-week low of $149.22.
Summary
AMD is partnering with Foundation Future Industries, a startup backed by Eric Trump, to co-develop autonomous humanoid robots for military and industrial use. The deal will use AMD's Ryzen AI Embedded X100 Series processors in Foundation's Phantom MK-2 robot. Foundation, founded in 2024, has already deployed its MK-1 robots in automotive manufacturing and plans a factory capable of 5,000 robots annually by October, scaling to 50,000. Industrial robots lease at $100K/year, defense units sell for $300K. This follows AMD's recent high-profile AI partnerships, including a 2-gigawatt deal with Anthropic, reinforcing its push into AI-driven hardware beyond data centers. The Trump family connection adds political visibility but also potential scrutiny.
At the time of this announcement, AMD was trading at $536.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $874B. The 52-week trading range was $149.22 to $584.73. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.