Facebook owner Meta to buy AI chips from AMD in deal worth up to $100 billion

Facebook owner Meta to buy AI chips from AMD in deal worth up to $100 billion

FILE -A Meta logo is shown on a video screen at LlamaCon 2025, an AI developer conference, in Menlo Park, Calif., April 29, 2025. (AP Photo/Jeff Chiu, File) · Associated Press Finance

MICHELLE CHAPMAN

Tue, February 24, 2026 at 10:25 PM GMT+9 1 min read

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    META

    -2.81%

    AMD

    -1.77%

Facebook owner Meta Platforms will buy artificial intelligence chips from Advanced Micro Devices in a deal that will also give it the opportunity to buy up to a 10% stake of the chip company.

Meta will buy AMD’s latest chips, the MI450, to help power data centers. The 6-gigawatt agreement will see shipments supporting the first gigawatt deployment set to start during the second half of this year. The agreement could potentially be worth more than $100 billion.

Shares of AMD jumped more than 9% before the market open on Tuesday.

The companies said that AMD issued Meta a performance-based warrant for up to 160 million shares of its common stock at $0.01 a piece, structured to vest as long as certain milestones are achieved.

The first tranche vests with the initial 1-gigawatt of shipments, with additional tranches vesting as Meta’s purchases scale to 6 gigawatts.

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