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During AMD's first keynote address on Wednesday, Jan. 9, Dr. Lisa Su, CEO of Advanced Micro Devices (AMD)   announced Radeon VII, the first gaming GPU from AMD. TheStreet's tech columnist, Eric Jhonsa--who's at CES--covered the keynote.

The Radeon VII will compete with Nvidia (NVDA) on the high-end. 

According to Jhonsa, the GPU is " based on Taiwan Semiconductor's  (TSM) cutting-edge 7-nanometer (7nm) manufacturing process. With a graphics card MSRP of $699, the Radeon VII, which arrived on February 7, costs $200 more than what its Vega 64 (14nm) high-end gaming GPU cost when it launched in mid-2017, and $420 more than AMD's recently-launched Radeon RX 590 (12nm) mid-range GPU."

"The Radeon VII is also priced on par with the GeForce RTX 2080, the second-most powerful offering within Nvidia's recently-launched Turing gaming GPU lineup. And it's $300 cheaper than Nvidia's flagship Turing gaming GPU, the RTX 2080 Ti," wrote Jhonsa. 

"AMD claims the Radeon VII is 25% more powerful than the Vega 64, while offering similar power consumption (of note: the Vega 64's power consumption was criticized when it launched). It also has twice as much graphics memory (16GB vs. 8GB) as both the Vega 64 and RTX 2080; tech analyst Patrick Moorhead notes this could make the GPU popular with content creators," he continued.

Jhonsa also wrote, that "Microsoft (MSFT) gaming chief Phil Spencer made an appearance during Su's keynote. Spencer indicated that Microsoft is relying on AMD's silicon to help power its upcoming cloud gaming service. And in what might be a hint that AMD, whose processors currently power both the Xbox One and PlayStation 4, will also be powering Microsoft's next-gen consoles, Su said her company has "lots of exciting things" planned with Microsoft."

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