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.

Source: The Irish Times February 24, 2026 16:30 UTC