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Meta Strikes Multiyear AMD Deal for Up to 6 GW of AI Compute

The pact uses performance-based warrants that could grant Meta up to 10% of AMD at a penny per share.

Overview

  • AMD will supply MI450-based Instinct GPUs plus EPYC CPUs in Helios rack-scale systems, with Meta co-design input to optimize for inference workloads.
  • The first 1 gigawatt of capacity is scheduled to begin shipping in the second half of 2026, with staged, multi-generation deliveries over several years.
  • The agreement includes warrants for up to 160 million AMD shares at $0.01 that vest on shipment, technical and commercial milestones, and stock-price targets up to $600.
  • Reporting diverges on headline value, with Reuters citing up to $60 billion over five years while multiple outlets and analysts estimate figures exceeding $100 billion.
  • Meta keeps a multi-vendor strategy, continuing purchases from Nvidia under a separate recent deal while progressing its own in-house chips to scale AI infrastructure.