Meta And Amd Sign Deal For Ai Chip Supply Agreement

In a significant development for the artificial intelligence sector, Meta Platforms has secured a monumental deal with Advanced Micro Devices (AMD) to purchase up to $60 billion worth of AI chips over the next five years. This agreement, announced on February 24, 2026, allows Meta to acquire a 10% stake in AMD, marking a strategic move to reduce its reliance on market leader Nvidia. AMD will provide up to six gigawatts of AI computing power, starting with one gigawatt of its upcoming MI450 flagship hardware slated for delivery in the second half of 2026. "Mark is very, very ambitious in what he wants to accomplish, and we want to use every aspect of our technology to really help Meta to accomplish that," said AMD CEO Lisa Su, highlighting the collaborative nature of the partnership. The deal is part of a broader trend where major tech companies are expected to invest approximately $660 billion in AI infrastructure this year, according to The Guardian.