AMD will soon unveil the next generation Radeon Vega graphics chip that will in turn directly compete with their primary competitors Nvidia. The latter also came out with their latest generation of Pascal chips with their prices ranging from $200 peaking up to $1200. AMD now plans to concentrate on achieving the same result on their new cards while also keeping the prices lower than the competitor's products in order to get back into the competition.

Previous reports have indicated that a prototype chip has already achieved excellent benchmarks putting the card on the test bench, on par with the existing GTX 1070 Pascal card from Nvidia. The Radeon Vega lineup, according to a statement from their CEO will be unveiled within the next two months. AMD's price in the stock markets has slipped down by a massive 20 percent.

The company has some losses which they'll surely make up by the end of the year due to ever-growing popularity in the gaming industry. Radeon Vega is least expected to be fully competent, at least looking at their decent benchmarks on applications like 3DMark Time Spy achieving a fairly great result as reported by GameSpot.

The new Radeon Vega chips will carry HBM2 memory architecture and will come with 4096 stream processors onboard. With 12.5 TFLOPs, it's current card the RX580 has just half of the current numbers at 6.2 TFLOPS. AMD's Polaris chips are mainly based on GDDR5 and the company has been successful in sales of their current cards.

Hot Hardware has put up a detailed comparison of the new Radeon Vega chip with that of the existing Radeon Polaris chips like the RX480 for example. A leaked Linux driver patch has revealed some key specifications likely suggesting that AMD's next generation chips will directly compete with Nvidia's Pascal graphics including the newly released GTX 1080 Ti and the Titan Xp which is the premium variant from the manufacturer.