By Guardian staff reporter
Publication Date: 2026-02-24 13:18:00
The owner of Facebook has agreed to buy $60bn (£44.5bn) of artificial intelligence chips from US semiconductor company Advanced Micro Devices, despite fears that huge sums will be spent on the AI industry.
Meta, which also owns Instagram and WhatsApp, struck the five-year deal in which it also buys 10% of the chip company.
AMD signed a similar pact with OpenAI last year, which was hailed as a vote of confidence in its chips and software and boosted its stock price significantly.
A recent series of chip supply contracts underscores the AI industry’s demand for processors. Meta separately struck a deal with AMD’s larger rival Nvidia to buy millions of AI chips.
AMD would deliver 6 GW worth of Meta chips, starting with 1 GW of the company’s upcoming MI450 hardware in the second half of this year, said Lisa Su, AMD’s chief executive.
In addition to AMD’s flagship graphics chips (GPUs), Meta also plans to purchase central processing units (CPUs), including a variant…
