- Meta, the parent company of Facebook, Instagram, and WhatsApp, has struck a deal worth up to $100 billion (£74 billion) to acquire AI chips from AMD.
- The agreement includes Meta taking a 10 per cent shareholding in the US semiconductor firm, Advanced Micro Devices.
- Meta plans to purchase AMD’s latest MI450 chips to power its data centres, with shipments for the initial 6-gigawatt deployment set to commence in the second half of 2026.
- This deal is the latest in a series of significant chip supply agreements within the tech industry, mirroring a similar partnership between AMD and OpenAI last year.
- Both Meta CEO Mark Zuckerberg and AMD CEO Lisa Su emphasised the strategic importance of the long-term partnership for advancing AI capabilities and diversifying Meta's compute infrastructure.
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