Published June 15, 2017 4:30pm EDT | Updated June 15, 2017 5:05pm EDT

AMD Picked For Research On 'supercomputer' Hardware Architecture

AMD said late Thursday it has been selected by a Department of Energy "supercomputing" project to help research next-generation supercomputing hardware architecture. The three-year program provides R&D funding "to drive critical advances of next-generation supercomputing hardware technologies," the company said in a statement. Shares of AMD rose 1.5% in late trading after ending the regular trading session down 2.3%.