Meta Signs AI Chip Deal With AMD Worth More Than $100 Billion, With Option for 10% Equity Stake

Summary

Meta agreed on February 24, 2026 to purchase 6 gigawatts of AMD MI450 AI computing power over five years in a deal valued at more than $100 billion — with the figure derived primarily from chip purchases alone. AMD stated that each gigawatt of computing power represents "several tens of billions of dollars in revenue," making 6 gigawatts worth well over $100 billion in chip purchases before the equity component is counted. As part of the arrangement, AMD granted Meta performance-based warrants t