IBM throws hat in the ring of AMD with 7-nanometer CPU

International Business Machines Corp. IBM,
-0.63%
appears to be moving to a slice of the 7-nanometer central processing unit market currently dominated by Advanced Micro Devices Inc. AMD,
+ 1.34%
with its own chip. Last Sunday, IBM announced that it was launching its Power10 chip, a 7 nm CPU to focus on the enterprise hybrid cloud computing market. In chipparlance, nanometers, as nm, refer to the size of the transistors that go on a computer chip, with the general rule that smaller transistors are faster and more efficient in using power. Throughout the year, AMD has released new versions of its 7-nm chip, which is manufactured by Taiwan Semiconductor Manufacturing Co. TSM,
+ 2.57%.
Back in July, larger AMD rival Intel Corp. INTC,
+ 0.17%
said it will delay its 7-nm chip to at least late 2022 due to manufacturing problems. IBM and Samsung Electronics Co. 005930,
-1.19%
manufactures the Power10. IBM shares were down 0.3% at $ 124.87 at the last check.