SAN FRANCISCO, Feb. 28, 2026 — Advanced Micro Devices agreed to sell up to $60 billion of artificial intelligence chips to Meta Platforms over five years in a deal that gives the Facebook owner the option to buy up to 10% of AMD, Reuters reported and The Guardian said.
Meta said the multiyear partnership involves deploying up to 6 gigawatts of AMD GPUs for AI data centers and includes AI-optimized CPUs, according to CNBC and AMD’s announcement.
What the agreement includes
Shipments supporting the first 1 gigawatt deployment are expected to begin in the second half of 2026 using a custom MI450-based Instinct GPU and AMD EPYC CPUs on the Helios rack-scale architecture, per AMD and CNBC.
The deal also includes a performance-based warrant for Meta to acquire up to 160 million AMD shares as deployment milestones are met, CNBC reported and ET Enterprise AI said.
Why Meta is diversifying
Meta has also struck a multiyear agreement with Nvidia to buy millions of AI chips, a parallel deal highlighted by Reuters and The Guardian.
Analysts and executives say the AMD arrangement reflects hyperscalers’ efforts to diversify away from a single supplier as demand for AI compute strains supply, a theme described by Reuters and The Guardian.
Market and competitive impact
AMD shares rose after the announcement while Nvidia’s stock dipped or held steady, as noted by Reuters and CNBC.
AMD previously signed a similar chip-supply pact with OpenAI last year, a point cited by Reuters and CNBC.
AMD and Meta say the agreement deepens a long-term collaboration to align silicon, systems and software roadmaps for AI infrastructure, according to AMD and ET Enterprise AI.
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