Tesla is getting closer to having its own chip for handling autonomous driving tasks in its cars.
Furthermore, Tesla has already receivedback samples of the first implementation of its processor and is now running tests on it, a source told CNBC.
GlobalFoundries, which fabricates chips for Advanced Micro Devices Inc, said on Thursday that Tesla had not committed to working with it on any autonomous driving technology or product, contradicting an earlier media report.
SEC admits data breach, suggests illicit trading was key
The SEC will continue to investigate the cyberattack and might coordinate with the "appropriate authorities", the statement said. As the securities regulator the SEC collects corporate filings which could have a market-moving effect if they were made public.
Tesla now sources chips from NVIDIA that are crucial to its Autopilot semi-autonomous driving system. In a subsequent statement GlobalFoundries denied that Jha had confirmed that the company was working directly with Tesla, and that it doesn't comment on customers or potential customers.
While neither company has commented on the matter, the news saw AMD's share price end the day up 5 percent and continue to climb after hours. Keller is reportedly heading a team of over 50 people. Tesla has brought on several AMD veterans after hiring Keller, including director Ganesh Venkataramanan, principal hardware engineer Bill McGee and system circuit design lead Dan Bailey. Earlier this year Intel acquired Mobileye for more than US$15 billion.
Tesla has previously relied on chips developed and manufactured by Nvidia Corp., a company better known for its graphics chips and cards that has progressively moved toward applying the technology to artificial intelligence and self-driving cars. Chipzilla recently announced a partnership with Alphabet's Waymo to build fully self-driving cars.