The PlayStation 5 is coming. While it hasn't been formally announced by Sony as of yet, system architect Mark Cerny recently began talking about it as the company prepares for a proper unveiling.

　　One of the first things we learned is that the next-generation console will feature an AMD chip. AMD CEO Lisa Su recently discussed the company's partnership with Sony, saying the chip will help power the PlayStation 5's "special sauce."

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　　"We are so honoured and proud to be part of Sony's next-generation PlayStation," Su told Jim Cramer. "This has been a really long-term partnership with them. We love gaming. We think gaming is a really good secular growth market. What we have done with Sony is really architect something for their application, for their special sauce. It's a great honor for us. We're really excited about what the next generation PlayStation will do. And happy to be a part of it."

　　The AMD chip in the PS5 that has a CPU based on the third-generation Ryzen. It has eight cores of the seven-nanometer Zen 2 microchip. Additionally, the AMD chip in the PS5 enabled 3D audio, a key part of helping players become more immersed, according to Cerny.

　　AMD is also working with Google on their new streaming service, Stadia, while Su also previously spoke about working with Microsoft on a new console. This may be one of the new Xbox consoles Microsoft has in the works that could be announced at E3 this year.

　　The PlayStation 5 will have an "appealing" price point for its specs, according to Cerny, but there is no word on specifics as of yet. The console will also support backwards compatibility for PS4 games. Other features include a solid-state drive, and the potential to support 8K resolution. You can read up on all of the technical specs we know so far.

　　As for a release date, the PlayStation 5 is not launching during Sony's current fiscal year, which means it will not arrive until after March 2020.