Meta plans to purchase potentially up to $100 billion worth of AMD chips, enough to drive roughly six gigawatts of data center power demand, the companies announced Tuesday. As part of the multiyear agreement, AMD has issued Meta a performance-based warrant for up to 160 million shares of AMD common stock — or about 10% … Read more
It’s also another example of a circular deal in which a customer or supplier takes a stake in the other. Zoom out: The agreement mirrors one AMD struck with OpenAI last October: The AI startup agreed to buy billions of dollars worth of chips as well as a 10% stake. What they’re saying: “We are … Read more
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., displays an AMD Instinct MI455X GPU during the 2026 CES event in Las Vegas, Jan. 5, 2026. Bloomberg | Bloomberg | Getty Images A week after Meta committed to using millions of Nvidia’s processors to power its AI expansion, the social media company … Read more