Amazing stuff! It's all about chips! Let the chips fall where they may!
"Meta plans to purchase potentially up to $100 billion worth of AMD chips, enough to drive roughly six gigawatts of data center power demand, the companies announced Tuesday.
As part of the multiyear agreement, AMD has issued Meta a performance-based warrant for up to 160 million shares of AMD common stock — or about 10% of the company — for $0.01 each, structured to vest alongside certain milestones. The full stock award is conditional on AMD’s share price, which would need to hit $600 for Meta to receive its final tranche ...
Under the agreement, Meta will purchase AMD’s MI540 series of GPUs and its latest generation of CPUs. CPUs are increasingly becoming a core pillar of the AI inference compute stack because they’re efficient, easier to scale, and don’t tie companies solely to Nvidia. ..."
Meta and AMD Agree to AI Chips Deal Worth More Than $100 Billion "The deal could result in Meta owning as much as 10% of AMD’s stock as the chip maker seeks to challenge Nvidia"
AMD Chief Executive Lisa Su
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