Meta could end up owning 10% of AMD in new chip deal
Summary
Meta has struck a multi-billion dollar deal with AMD to secure 6 gigawatts of custom AI chips, potentially giving Meta a 10% stake in AMD via a performance-based warrant. The arrangement signals growing demand for in-house AI infrastructure and diversification away from Nvidia, with Meta planning up to $135 billion in AI infrastructure spend this year and leveraging a mix of AMD, Nvidia, and custom silicon.