Meta plans to potentially buy up to $100 billion worth of AMD chips, enough to power about 6 gigawatts of data center power needs, the companies announced Tuesday.
As part of the multi-year agreement, AMD will issue performance-based warrants to Meta to acquire up to 160 million shares of AMD common stock (approximately 10% of the company’s stock) at a price of $0.01 per share, structured to vest based on certain milestones. According to the Wall Street Journal, the all-stock grant is contingent on AMD’s stock price, and Meta needs to reach $600 to get the final tranche. AMD stock closed at $196.60 on Monday.
Under the agreement, Meta will purchase AMD’s MI540 series GPUs and latest generation CPUs. CPUs are increasingly at the core of AI inference computing stacks because they’re efficient, easily scalable, and don’t lock companies into just Nvidia.
“The CPU market is absolutely on fire,” AMD CEO Lisa Su said during an investor briefing Tuesday morning. “There is a huge demand. The demand continues to grow, and this is really a result of the deployment of AI infrastructure at scale for inference and agent AI, and our portfolio is very well positioned.”
AMD is gradually gaining ground as AI companies seek to reduce their dependence on Nvidia, the longtime leader in AI chips and one that has charged high prices for its titles. Last October, AMD and OpenAI entered into a similar stock deal for a chip purchase agreement.
Meta CEO Mark Zuckerberg said his company’s partnership with AMD is an “important step” as the company diversifies computing and works toward “personal superintelligence.” Zuckerberg defined personal superintelligence as an AI system designed to deeply understand and empower individuals in their daily lives.
Meta has committed to investing at least $600 billion in U.S. data center and AI infrastructure over the next few years, including $135 billion in capital spending planned for 2026. Meta recently announced plans for a $10 billion gas-fired data center campus in Indiana with 1 gigawatt of computing power.
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The partnership with AMD comes weeks after Meta signed a multi-year deal to expand its data centers with millions of Nvidia’s latest CPUs and GPUs. The Facebook maker is also working on its own chip, but there are reportedly delays.
This article has been updated with more information from AMD CEO Lisa Su.
