Meta strikes up to $100B AMD chip deal as it chases ‘personal superintelligence’
Meta agreed to potentially buy up to $100 billion in AMD chips, securing a performance-based warrant for 10% of AMD stock.Summary
Meta announced a multiyear agreement to purchase up to $100 billion worth of AMD chips, specifically the MI540 series GPUs and the latest CPUs, which will power roughly six gigawatts of data center demand. As part of the deal, AMD issued Meta a performance-based warrant for up to 160 million shares of AMD common stock (about 10% of the company) at $0.01 each, vesting upon reaching certain milestones, including AMD's share price hitting $600. Meta CEO Mark Zuckerberg stated this partnership is crucial for diversifying compute as the company pursues its goal of "personal superintelligence." This move follows Meta's significant investment pledges in U.S. data centers and a recent deal to expand its data centers with Nvidia hardware, while it also develops its own in-house chips.
(Source：TechCrunch)