{"id":178065,"date":"2026-02-24T14:30:36","date_gmt":"2026-02-24T14:30:36","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/178065\/"},"modified":"2026-02-24T14:30:36","modified_gmt":"2026-02-24T14:30:36","slug":"amd-and-meta-agree-to-100-billion-ai-chip-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/178065\/","title":{"rendered":"AMD and Meta agree to $100 billion AI chip deal"},"content":{"rendered":"

Advanced Micro Devices Inc. will sell artificial intelligence chips to Facebook owner Meta Platforms Inc.<\/a> in a $100 billion deal that advances\u00a0AMD’s position in the race for dominance in AI chipmaking.<\/p>\n

It also gives Meta the opportunity to buy up to a 10% stake of AMD.\u00a0The chipmaker’s shares jumped in pre-market trading.<\/p>\n

AMD has a major presence<\/a> in Central Texas, where it has operated since 1979. Though the company is based in Santa Clara, Calif., CEO Lisa Su runs the business from Austin, where it employs about 3,700 people and is growing with the recent announcement of a data center<\/a> near Rockdale.<\/p>\n

Under the deal, Meta will buy\u00a0AMD’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.\u00a0<\/p>\n

Shares of AMD were up more than 10% before the market open on Tuesday.<\/p>\n

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.<\/p>\n

The first tranche vests with the initial 1-gigawatt of shipments, with additional tranches vesting as Meta\u2019s purchases scale to 6 gigawatts.<\/p>\n

Meta also has operations in Austin.<\/p>\n

This is a developing story. Please check back for updates.<\/p>\n","protected":false},"excerpt":{"rendered":"Advanced Micro Devices Inc. will sell artificial intelligence chips to Facebook owner Meta Platforms Inc. in a $100…\n","protected":false},"author":2,"featured_media":178066,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133],"class_list":{"0":"post-178065","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-austin","8":"tag-austin","9":"tag-austin-headlines","10":"tag-austin-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/178065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=178065"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/178065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/178066"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=178065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=178065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=178065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}