General · 25 February 2026
Meta agrees $60 billion deal for AMD chips
Meta Platforms, owner of Facebook, finalised an agreement to obtain artificial intelligence chips from Advanced Micro Devices on Tuesday. The five-year arrangement is worth up to $60 billion and includes an option for Meta to acquire up to 10% of the chipmaker. This move helps Meta broaden its chip sources, lessening dependence on rival Nvidia due to observed supply chain issues. The deal underscores Meta's considerable spending on AI infrastructure.
Reported by Guardian · How we write briefs