Meta strikes up to $100B AMD chip deal as it chases ‘personal superintelligence’

Source: TechCrunch

Deal Overview

Meta plans to purchase up to $100 billion worth of AMD chips, enough to drive roughly six gigawatts of data‑center power demand. The multiyear agreement was announced on Tuesday.

Financial Terms

• AMD has issued Meta a performance‑based warrant for up to 160 million shares of AMD common stock (about 10 % of the company) at $0.01 per share.
• The warrant vests alongside certain milestones, and the final tranche is conditional on AMD’s share price reaching $600.
• Source: The Wall Street Journal.
• AMD’s stock closed at $196.60 on Monday.

Products Involved

Meta will purchase:

• AMD’s MI540 series GPUs
• AMD’s latest‑generation CPUs

CPUs are becoming a core pillar of the AI inference compute stack because they are efficient, easier to scale, and reduce reliance on Nvidia.

Executive Comments

“The CPU market is absolutely on fire. There is significant demand. It has continued to grow, and it really is a result of the AI infrastructure deployments as inferencing scales, as agentic AI scales, and our portfolio is in an extremely good position.”
— Lisa Su, AMD CEO (investor briefing)

“This partnership with AMD is an important step as it diversifies our compute and works towards personal superintelligence.”
— Mark Zuckerberg, Meta CEO

Zuckerberg defines personal superintelligence as AI systems designed to deeply understand and empower individuals in their everyday lives.

Industry Context

• AMD has been gaining ground as AI firms look to reduce reliance on Nvidia, the longstanding leader in AI chips.
• In October 2025, AMD and OpenAI struck a similar equity‑for‑chips deal (see the TechCrunch report).
• The AMD partnership follows a recent multiyear deal with Nvidia to expand Meta’s data centers with millions of Nvidia CPUs and GPUs (The Verge).
• Meta is also developing its own in‑house chips, though the effort has reportedly faced delays (Financial Times).

Meta’s Investment Plans

• $600 billion pledged for U.S. data‑center and AI‑infrastructure spending over the next several years (Reuters).
• Projected $135 billion capital‑expenditure spend in 2026 (TechCrunch).
• Recently unveiled a $10 billion gas‑powered data‑center campus in Indiana, designed for 1 GW of compute capacity (TechCrunch).