AMD to Invest $1 Billion in Meta Equity Offering as AI Partnership Expands
AMD said it will invest $1 billion in Meta Platforms' equity offering. The chipmaker also announced its Helios computing system is running at Meta.
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03:06:49 PM UTC
SquawkNews
AMD stock rose on Tuesday after the chipmaker announced a $1 billion investment in Meta’s equity offering alongside an expansion of their partnership to develop computing infrastructure for artificial intelligence workloads.Shares of Advanced Micro Devices NASDAQ:AMD gained more than 4% during the…
03:19:46 PM UTC
SquawkNews
SUNNYVALE (dpa-AFX) - Chipmaker Advanced Micro Devices, Inc. (AMD) announced on Tuesday that it has expanded its strategic partnership with Meta Platforms, Inc. (META), with the companies collaborating across processors, graphics chips, networking, systems and software for artificial intelligence i…
Advanced Micro Devices (AMD) said Tuesday it will invest $1 billion in Meta Platforms' (META) equity offering as the chipmaker deepens its partnership with the Facebook parent to support its growing artificial intelligence (AI) infrastructure needs.AMD also announced that its Helios computing syste…