United Kingdom, June 18 -- Xbox has partnered with AMD to power its next generation of consoles.

Microsoft announced it has signed a multi-year partnership with the chip company to power its first-party devices, with the business promising "next-level performance, cutting-edge graphics, breakthrough gameplay, and unmatched compatibility".

In a statement, Microsoft said: "[We're] announcing that we're building the next-generation of Xbox first-party devices and cloud, including our future Xbox consoles, together with AMD."

While Microsoft didn't give any specifics on the partnership, the company said it was working to ensure everything would be "fully compatible" with users' existing Xbox game library.

The statement continued: "We've e...