Meta has struck a multi-billion dollar chip deal with AMD that could lead to the Facebook owner taking a 10 per cent stake in the group, sending shares in the US chipmaker surging on Tuesday. “In some sense, Meta is taking a big bet on AMD, and we are also giving Meta a chance to participate if AMD shareholders do well,” Su said. It is already one of AMD’s biggest AI chip customers. We need all three.”Under the deal, AMD will build a custom version of its MI450 AI chips for Meta. Increasingly creative funding arrangements to support massive AI infrastructure buildouts have emerged in recent years, leading to warnings about circular financing.
