In a livestream from the 2016 Computex event in Taiwan, AMD announced its high-performance next-generation graphics card --- the Radeon RX 480.

Announcing the new Radeon RX480 graphics card, AMD said that the card will be the first graphics card to be based on the company’s upcoming Polaris graphics processors. The company claims that the new graphics card will bring high-end graphics to the masses.

About the pricing and availability related details shared by AMD, the new Radeon RX 480 graphics card will be affordably priced at $200. The card is scheduled to hit the markets on June 29, 2016.

The forthcoming AMD Radeon RX 480 graphics card will be available in two memory configurations -- 4GB and 8GB -- with data sent over a 256-bit bus. The energy-efficient card will consume just 150 watts of power over one single 6-pin connector.

In reference to the new Radeon RX 480 graphics card, Moor Insights & Strategy’s founder and chief analyst Patrick Moorhead said: “What I’m most excited about with Radeon RX 480 (Polaris) is that it could increase the penetration of both HTC Vive and Oculus Rift VR solutions and increase VR accessibility for more gamers.”