Chipmaker AMD said Tuesday it will invest $1 billion in Meta’s equity offering as the companies expand their AI infrastructure partnership.
The news follows Nvidia’s announcement Monday that it will invest $3 billion. AMD, Nvidia and Broadcom had previously expressed nonbinding interest in buying up to $5 billion of Meta shares combined. Broadcom has yet to make an announcement.
The developments follow Meta's plan announced Monday to raise up to $95 billion through stock offerings for AI expansion. The total has since increased to $97.5 billion after Meta raised its Class A common stock offering to $25 billion from $22.5 billion. It is also offering $12.5 billion in convertible preferred stock and plans a separate $60 billion share-sale program.
The $60 billion offering will begin once the company's previously announced Class C nonvoting common stock begins trading, potentially in the first quarter of 2027.
AMD also said Meta has installed its first Helios rack-scale systems and is testing them ahead of a broader rollout in the near future. The Helios systems combine AMD processors, AI accelerators, and networking equipment for data centers.
Meta already uses AMD processors and GPUs for AI training, content recommendations, and the computing infrastructure behind its Muse AI agent, AMD said. The companies are also developing custom and future-generation chips and software.
"Meta was also an early definition customer for the AMD Instinct™ MI450 architecture, and it will deploy a custom AMD Instinct GPU that is optimized for its workloads," AMD said. "The collaboration is also informing future AMD platforms, including AMD Instinct™ MI500 series GPUs and next-generation rack-scale systems."
Mark Zuckerberg, founder and CEO of Meta, said AMD has been a key partner in building out the compute that's running the company's frontier models. "We're making big investments in the computing power that will enable us to bring personal superintelligence to everyone, and AMD plays an important role in that," he added.
The expanded partnership follows a February agreement under which Meta may deploy up to six gigawatts of AMD AI chips. Meta committed to purchasing the first gigawatt, while AMD gave it warrants to acquire up to 160 million AMD shares if certain purchasing and share-price conditions are met.
Meta expects capital spending of $135 billion to $145 billion this year as it expands its computing capacity. The company plans to finance that project through cash flow, debt, partnerships, and equity.