A few weeks ago, a rumor regarding TSMC experiencing issues with NVIDIA’s 28nm manufacturing process for GPUs spread across the Internet. Not long after that rumor, a new rumor emerged that stated AMD would beat NVIDIA to 28nm. More information has now reached us in the form of a quote from AMD’s CFO Thomas Seifert who stated the following during the Q2 2011 Earnings Call:

“We also passed several critical milestones in the second quarter as we prepare our next-generation 28-nanometer graphics family. We have working silicon in-house and remain on track to deliver the first members of what we expect will be another industry-leading GPU family to market later this year. We expect to be at the forefront of the GPU industry’s transition to 28-nanometer.”

With some talk of the new Radeon HD 7xxx series coming out as early as September, the statement that AMD has working silicon is a good sign that they are on track to deliver GPUs on the small 28nm manufacturing process. Whether they can beat NVIDIA to it; however, still remains to be seen. With that said, things are looking good for AMD’s GPU division. What are your thoughts on this, will NVIDIA pull a Hail Mary and get Kepler out of the gate before AMD can ramp up production of the new Radeons?